This form is a sample letter in Word format covering the subject matter of the title of the form.
Receipt Donation Document Without Comments In Ohio
Category:
State:
Multi-State
Control #:
US-0018LR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
If you want to take a charitable contribution deduction on your income-tax return, you need to substantiate your gifts. You must have the charity's written acknowledgment for any charitable deduction of $250 or more. A canceled check is not enough to support your deduction.
The receipt should include the organization's name, the date of the event, and the names and values of each item the attendee purchased. End-of-year donation receipts.
Example 2: Individual Acknowledgment Letter Hi donor name, We're super grateful for your contribution of $250 to nonprofit's name on date received. As a thank you, we sent you a T-shirt with an estimated fair market value of $25 in exchange for your contribution.
Ing to the IRS, any kind of donation above $250 should require a donation receipt. The same applies to stock gifts/donations.
Write in the total fair market value of your donation. This value is determined by you, the donor. Goodwill provides a donation value guide to help determine fair market value. Please note: Goodwill employees cannot help determine fair market value.
Proof can be provided in the form of an official receipt or invoice from the receiving qualified charitable organization, but it can also be provided via credit card statements or other financial records detailing the donation.
Technically, if you do not have these records, the IRS can disallow your deduction. Practically, IRS auditors may allow some reconstruction of these expenses if it seems reasonable.
Ing to the IRS, donation tax receipts should include the following information: The name of the organization. A statement confirming that the organization is a registered 501(c)(3) organization, along with its federal tax identification number. The date the donation was made.
