Pass The Plate - And Rule Book For Contributions
The PPA of 2006 modifies record-keeping requirements for cash, check or other monetary gifts to charity
HOW MUCH? Regardless of the contribution amount, you must maintain reliable written records to claim a charitable donation beginning with gifts made during and after January 2007.
GOOD RECORDS? The old rules required records only for contributions of $250 or more. To fulfill record-keeping requirements, a written communication from the charity must contain he name of the group, the date of the contribution, and the amount.
Richmond Times Dispatch
HOW MUCH? Regardless of the contribution amount, you must maintain reliable written records to claim a charitable donation beginning with gifts made during and after January 2007.
GOOD RECORDS? The old rules required records only for contributions of $250 or more. To fulfill record-keeping requirements, a written communication from the charity must contain he name of the group, the date of the contribution, and the amount.
Richmond Times Dispatch
posted by Milt Baker CPA | 7:39 AM
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