The IRS can tax the QCD distribution (or deny deductible charitable contributions) if the donor does not receive the written acknowledgement from the charity before the donor files their tax return. A late letter won't suffice in an audit. Charities should be sending out their written acknowledgements by January 31st. For any QCD of $200 or more, I contact the charity in early Feb. if I haven't received their acknowledgment.Chiming in on this subject, I just sent out two emails today seeking properly worded receipts for donations significantly above $250. In each email I attached a copy of IRS Topic No. 506, Charitable Contributions and requested they look at the sixth paragraph and comply with it in the future. These are very small but important organizations to us and we would like to continue supporting them. Hopefully they will understand and comply in the future. Image may be NSFW.
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Statistics: Posted by Rocinante Rider — Fri Apr 26, 2024 7:26 am — Replies 36 — Views 2698
