No deduction shall be allowed under subsection (a) for any contribution of $250 or more unless the taxpayer substantiates the contribution by a contemporaneous written acknowledgment of the contribution by the donee organization that meets the requirements of subparagraph (B).
.for any contribution of $250 or more
HowardS wrote:In a hypothetical audit of your hypothetical client the examiner spots a $249 cash donation on schedule A and wants to see proof. Your hypothetical client presents the $250 check and cannot produce proof of a $249 donation. What then?
HowardS wrote:Maybe so, but that doesn't answer Len's hypothetical question.
gatortaxguy wrote:Thinking out loud, I'm wondering if the TP has a good enough argument for a return position that the charity's depositing the check meets the test...
In a hypothetical audit of your hypothetical client the examiner spots a $249 cash donation on schedule A and wants to see proof. Your hypothetical client presents the $250 check and cannot produce proof of a $249 donation. What then?
Nilodop wrote:His reply is he won't claim a deduction.for any contribution of $250 or more
. From the unofficial Pub 526.A charitable contribution is a donation or gift to, or for the use of, a qualified organization. It is voluntary and is made without getting, or ex- pecting to get, anything of equal value.
Will this do?
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