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Additionally, for contributions of $250 or more, a taxpayer
must obtain a contemporaneous written acknowledgment from the
donee organization. Sec. 170(f)(8)(A). The acknowledgment must
be obtained by the earlier of the date the return is filed or its
due date. Sec. 170(f)(8)(C). The acknowledgment must include
the amount of cash and a description of any property other than
cash along with certain information about any goods or services
provided by the donee. Sec. 170(f)(8)(B).
The purpose of these provisions has been described as
providing the Commissioner with sufficient return information to
effectively monitor the possibility of overvaluations of
charitable contributions. Hewitt v. Commissioner, supra at 265.
Section 1.170A-13(c)(3)(i) and (ii), Income Tax Regs.,
contains the specific requirements that a “qualified appraisal”
must:
(1) Be made not earlier than 60 days before the date of the
contribution nor later than the due date of the return, including
extensions, on which a deduction is first claimed or reported;
(2) be prepared, signed and dated by a qualified appraiser;
(3) contain the name address, identifying number, and
qualifications of the qualified appraiser;
(4) contain a statement that it was prepared for income tax
purposes;
(5) contain a description of the property in sufficient
detail for a person who is not generally familiar with the type
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Last modified: March 27, 2008