Client came in with 6 sheet of clothes,toys.appliances,etc.Value over $500. My question is can you lump some of the items,such as clothing or do you have to list each seperate.Have listed seperately for clients before but never had 6 pages (frount & back) to do before.
Announcement
Collapse
No announcement yet.
Charity Non Cash
Collapse
X
-
Same here GI MOE. Check if the software you are using has scratch pads in the line to enter the total amount click on it and group the types ex.all clothes together all toys together etc. then when the total populates write the name of the charity and the date. Also if the donations were made over the whole year just name the charity. This way if you want you can print out the scratch pad and attatch it to the office file.
If you are filing paper returns enter the total amount of the contributions for each charity. Make photo copies of the pages and attatch them to the return.
I have my reasons for attatching the proof. The main one is Audits. The IRS has been cracking down on charitable contributions. With six pages you might want to attatch proof. If it wasn't needed, o-well. At least they saw all of the information you recieved. Keep you and your client on the safe side.
Jade!!
Comment
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.
Comment