Charitable Contribution (Cash)
A cash contribution to a recognized charitable organization. The IRS requires that you maintain a written acknowledgment in your own records for each contribution of $250 or more for 3 years after you have filed your taxes. The written acknowledgment should consist of the following information: Name of the organization; Amount of cash Contribution; Statement that no goods or services were provided by the organization, if that is the case; Description and good faith estimate of the value of goods or services, if any, that organization provided in return for the contribution; and Statement that goods or services, if any, that the organization provided in return for the contribution consisted entirely of intangible religious benefits, if that was the case.
GO
BACK