It is my understanding that when a taxpayer has made a large church or charitable contribution but the receipt doesn't have the "magic language", they have to get this corrected on a new receipt and have it in hand by the time they file their tax return.
If they aren't able to get this new corrected receipt by 4-15, will filing an extension until they get this new receipt be the thing to do ? Also, if a corrected receipt is provided but is dated 4-17 and the taxpayer files on 4-18 (under extension) will this satisfy the contemporaneous rule or must the receipt be dated 4-15 or earlier ?
Were close to the filing deadline & my concern is that some of the corrected receipts we've requested from the charities may not be in the taxpayer's hand by 4-15.
If they aren't able to get this new corrected receipt by 4-15, will filing an extension until they get this new receipt be the thing to do ? Also, if a corrected receipt is provided but is dated 4-17 and the taxpayer files on 4-18 (under extension) will this satisfy the contemporaneous rule or must the receipt be dated 4-15 or earlier ?
Were close to the filing deadline & my concern is that some of the corrected receipts we've requested from the charities may not be in the taxpayer's hand by 4-15.
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