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Receipting Charitable Donations

In late January of this year the IRS announced that it was withdrawing proposed regulations released in September of 2015 that would have allowed charities to file information returns with the IRS and donors instead of providing contemporaneous written acknowledgments of charitable donations (REG-138344-13). Charities that elected to use the new procedure would have been […]

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Contribution Receipting Requirements

Each year around this time churches and ministries spend a considerable amount of time producing annual contribution statements for their donors, as a way of thanking their supporters for their donations, and as an encouragement to them to continue with their gifts. But it is also important to remember that for most donors, they are […]

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