How Not to Lose a Charitable Deduction

How Not to Lose a Charitable Deduction

Defective paperwork is often a client’s downfall

Over the past few years, there’s been an uptick in Internal Revenue Service audit activity related to substantiating both cash and non-cash charitable contributions. Of late, several audits have been nothing more than a letter asking taxpayers to fax to the IRS a copy of all charitable acknowledgement letters and appraisals used to determine the value of a don

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TAGS: Philanthropy
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