- 18 - himself when he prepared his tax returns. He offered no receipts from the donee organization.8 Petitioner stated in the document he offered that he attended the church three times during the year and contributed $75 each time. We are convinced that petitioner attended the church and donated money, but we do not find the amounts that petitioner claimed to be credible. We may estimate cash charitable contributions under the Cohan rule. See Fontanilla v. Commissioner, T.C. Memo. 1999-156. We conclude that petitioner is entitled to deduct $50 of cash charitable contributions. We next turn to petitioner’s contributions of property. Petitioner provided a Goodwill/Easter Seals tax deduction statement dated December 24, 2003. Petitioner testified that he added the dollar value amount to the statement himself. Petitioner also introduced several pages of a worksheet he completed when preparing his tax return to determine that the value of the property he donated was $924. Petitioner reported 8Petitioner argues on brief that cash charitable contributions of less than $500 do not require a receipt or other substantiation. Petitioner is incorrect. All charitable contribution deductions for cash are subject to substantiation. Sec. 1.170A-13(a)(1), Income Tax Regs. Moreover, deductions for cash contributions of over $250 are not allowed unless the taxpayer substantiates the contribution by a contemporaneous written acknowledgment by the donee organization. Sec. 170(f)(8). All contributions of property are also subject to substantiation. Sec. 1.170A-13(b), Income Tax Regs. Additional recordkeeping requirements apply to deductions claimed in excess of $500 for contributions of property. Sec. 1.170A-13(b)(3), Income Tax Regs.Page: Previous 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 NextLast modified: November 10, 2007