LOL Snags
First of all Rapid Refund is a trademark of a certain company and the guy wouldn't be talking to you if he were going to use that company.
Second I wouldn't personally write off a contribution that hadn't been made yet but I do agree that the government is just asking for such with their retroactive deductions. I would guess that a legal case based on the text of the law and its legislative history could be made either way but my concern would be that charitable contributions are a point of emphasis with the IRS and we could get in trouble.
I also think the title of your thread is misleading. Only one or more Haitians could make a "Haitian Contribution". Your client wants to make a "Haiti Contribution". Sorry but my Mom is a retired English Prof.
Haitian Contributions
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Haitian Contributions
Have any of you been confronted with this yet?
CLIENT: I'm going to contribute $500 to the Red Cross for Haiti. We can take this off.
PREPARER: You mean you've already done this?
CLIENT: Oh no! I get paid on the 25th and I'm going to send them this money out of my next paycheck.
PREPARER: Well, you have until Feb 28th.
CLIENT: Yeah I know. But we can take the deduction anyway so I can get Rapid Refund.
OK guys and gals. Whadd'ya do with this guy?
{Editorial comment - the govt creates this situation when they allow retroactive filing of current year stuff]Tags: None
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