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Jul 19, 2012
Rob Eby

Charitable Contribution Denied

How important are a few words? Ask the taxpayer whose charitable contribution deduction was denied by the IRS.  The IRS requires organization to contemporaneously document whether any goods or services were provided in consideration for a contribution.  Now is a good time to read through your organization’s gift acknowledgement to see that required wording is included.  Aronson LLC is available to assist as needed.  For more details of the IRS court case see ECFA.

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