Charity Acknowledgement Letter

[Kram BergGold]

In March, client gives $150 to a charity and does not get an acknowledgement letter. In October he gives $400 and gets an ascknowledgement letter. My associate and I disagee. Is he okay, or does he need to go back to the charity for a letter regarding the $150 gift?

[kamckinley]

I found an article that indicates that each contribution is considered separately when determining the documentation rules. So no letter is required for the $150 donation, but a letter is requred for each separate donation that is $250 or greater.

http://usatoday30.usatoday.com/money/perfi/taxes/2007-02-27-aicpa-question12-sawyers_x.htm

Of course, this article is just one author's interpretation of the rules, would be curious to see what others think...

[mastertaxguy]

Multiple charitable donations over $250.00 total

TTB 4-20, left column. Note the second line at the top; of the column in italics.

[Kram BergGold]

Thanks

For a change, I was correct!