NEW YORK (TheStreet) -- It is very important that you keep good records to document your charitable contributions.
A deduction will not be allowed for any contribution made by cash or check unless you have a hard-copy record of the contribution. The record must be in the form of: an actual canceled check a bank record (for instance, a copy of the front of the check included on your monthly bank statement) an entry on a bank or credit card statement indicating a credit or debit card charge a written communication from the donee showing the name of the donee organization, the date of the contribution and the amount of the contribution.
In the case of a payroll deduction for United Way or any other charity the IRS tells us: "For a charitable contribution made by payroll deduction, a pay stub, Form W-2 or other employer-furnished document that sets forth the amount withheld for a payment to a donee organization, along with a pledge card prepared by or at the direction of the donee organization, will be deemed to be a 'written communication from the donee organization' that satisfies the requirements." ...
Instant Approval Payday Loans No Credit Check Payday Loans Payday Loans Same Day Payday Loans Alice Dodd Melania Trump Payday Advance Loans Payday Advance
No comments:
Post a Comment