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| More IRS FUN Pub 1771 https://www.rypn.org/forums/viewtopic.php?f=1&t=3260 |
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| Author: | Mike Pearle [ Wed May 29, 2002 11:49 pm ] |
| Post subject: | More IRS FUN Pub 1771 |
By the way, in the last year or so the IRS changed (made more stringent) the requirements for substantiating charitable deductions. This is in part due to certain abuses of the system. The long and short of it? There's more paperwork to substantiate the deduction. This applies to any deduction of $250.00 or more. Just remember that at a 40% marginal tax bracket, you reduce a donor's taxes by $100.00 if you provide them with proper verification. Publication 1771 explains it all. Oh yeah, they are now embedding pics in pubs, they are slow downloads. IRS PUB 1771 |
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