Charitable Giving Information

Posts Tagged ‘irs’

Irs Charitable Giving Rules

Question: New IRS charitable giving rules for 2006 or 2007? Can I still e-file?

Do the new IRS rules under the Pension Protection Act of 2006 prohibits donors from declaring contributions to charitable organizations unless they can produce records of the transactions impact 2006 filing, or is it for 2007? Also, either way, if I have the records of proof, but file electronically, do I need to do anything, or do I merely hold on to the records for a potential audit? In other words, can I still e-file, or do I need to mail my return in with the documentation of the donations?

Answer: yes you can still e file the only thing is that youll have to keep those receipts from the organizations just in case you do get audited. If you dont get a receipt you can also use a canceled check or some other document that shows you did in fact contribute.

IRS TAX TIPS: Charitable Contributions (ASL, CAPTIONS, & AUDIO)

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