Charitable Contribution Substantiation and Reporting

Author: Bradley Burnett

More to the Story than Meets the Untrained Eye
Substantiation of charitable contributions cuts far deeper and considerably wider than meets the untrained eye. Recent Tax Court cases and other new developments expose this more than ever. IRS loves to inquire as to whether substantiation passes muster. A typical IRS correspondence exam is an easy kill for them if documentation falls short. Layer upon layer of charitable contribution compliance rules stack up on the taxpayer. And, they must be complied with correctly. The first time. This course delves into the heart and soul of the charitable substantiation compliance rules and exposes them. Give us an hour of your time and you’ll know better what to do.

Publication Date: September 2019

Topics Covered

• Charitable Contribution Substantiation
• Out‐of‐Pocket Expenses for Volunteer Work
• Tax Exempt Organization Search (TEOS)
• Donation of Easement Fair Market Value
• Fair Market Value
• Donation of Easement
• Written Contemporaneous Acknowledgement
• Charitable Contributions At Least Some Proof Is Needed
• Written Contemporaneous Acknowledgement
• IRS Form 8283
• Non‐Cash Contributions— Aggregation of Similar Items by Category
• Appraisal— Substantial Compliance
• Appraisal Rules— No Substantial Compliance
• Non‐Cash Contributions— Charitable Fundraising Campaigns
• Charitable Fundraising Campaigns
• §170(f)(12)— Vehicles, Boats and Airplanes
• Qualified Charitable Distributions From IRAs
• New SALT Cap
• Government Response to SALT Workarounds
• Exception to New SALT Cap Contributions by Business

Learning Objectives

• Describe the in-depth charitable contribution substantiation rules
• Differentiate services at IRS.gov are used to verify charitable contributions to an organization are tax deductible
• Recognize when a services at IRS.gov are used to verify charitable contributions to an organization are tax deductible
• Describe which form is used to report noncash charitable contributions
• Identify up to what percent of AGI is allowed for tax years beginning after 12/31/17 for a charitable contribution deduction
• Recognize which expenses should be reported on Form 8283
• Describe the new SALT cap

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (1 hour)

Program Prerequisites
None

Advance Preparation
None