As you are scrambling to get your tax information together the sad story of Jolene M. Villareale is a timely reminder about one of the most absolute substantiation requirements in the Code. That is the requirement that there be a written acknowledgment from the charity for any deductible contributions of $250 or more. A simple thank you note is not enough. There must also be a statement as to the value of anything you received in return or a statement that there was not anythi...
Charity President Needed To Write Herself A Letter To Claim Charitable Deduction
Forbes - 23 Mar 2013 23:19
As you are scrambling to get your tax information together the sad story of Jolene M. Villareale is a timely reminder about one of the most absolute substantiation requirements in the Code. That is the requirement that there be a written acknowledgment from the charity for any deductible contributions of $250 or more. A simple thank you note is not enough. There must also be a statement as to the value of anything you received in return or a statement that there was not anythi...
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