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donee organization that meets the requirements of section
170(f)(8)(B).7 Sec. 170(f)(8)(A). The donee’s written
acknowledgment must state the amount of cash and describe other
property contributed, indicate whether the donee organization
provided any goods or services in consideration for the
contribution, and provide a description and good faith estimate
of the value of any goods or services8 provided by the donee
organization. Sec. 170(f)(8)(B).
7 Sec. 170(f)(8) provides in part:
(A) General rule.--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).
(B) Content of acknowledgment.--An acknowledgment
meets the requirements of this subparagraph if it
includes the following information:
(i) The amount of cash and a description
(but not value) of any property other than
cash contributed.
(ii) Whether the donee organization
provided any goods or services in
consideration, in whole or in part, for any
property described in clause (i).
(iii) A description and good faith
estimate of the value of any goods or
services referred to in clause (ii) * * *.
8 Goods or services include cash, property, services,
benefits, and privileges. Sec. 1.170A-13(f)(5), Income Tax Regs.
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Last modified: May 25, 2011