- 4 - satisfied their burden of proving entitlement to deduct noncash charitable contributions and excess unreimbursed employee and other miscellaneous expenses in amounts greater than those respondent determined. As noted, petitioners claimed deductions on their 2002 return for charitable contributions, consisting of $3,200 in cash and $7,753 in noncash contributions. At trial, the parties stipulated that petitioners were entitled to a deduction of $950 for cash charitable contributions and that the $2,250 balance was improperly claimed because the disallowed portion was made not by petitioners but by their family members. Respondent disallowed the $7,753 deduction for noncash contributions for lack of substantiation. At trial, respondent conceded that petitioners are entitled to a deduction for noncash charitable contributions of $1,600. Section 170 allows a deduction for charitable contributions during the taxable year if verified as provided in the regulations. Sec. 170(a)(1). The term “charitable contribution” includes a contribution or gift to a corporation, trust, or community chest, fund, or foundation, with certain provisos. Sec. 170(c). For example, the recipient organization must have been “created or organized in the United States or in any possession thereof, or under the law of the United States, any State, the District of Columbia, or any possession of the UnitedPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Next
Last modified: May 25, 2011