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V. The Tax Professional’s Guide to the Deductibility of Charitable Contributions and the Importance of Complying with the Substantiation Rules
January 18@10:00 AM - 11:45 AM PST$39.00
Member Price: $39.00 | Non-Member Price: $59.00
The objective of this course is for the Tax Professional to understand what is allowable as a charitable contribution to a §501(c)(3) organization and stress the importance of strict substantiation rules for every contribution of cash and property to the charitable entity. The course will discuss the regulations addressing contributions of $250 and more as well as contributions of more than $500 and the appraisal requirements when the cumulative property contribution is greater than $5,000 in the current tax year.
After completing the course, tax professionals will have a clear understanding of the substantiation requirements of contributing any amount of cash to a §501(c)(3) as well as the regulations for any contribution of $250 or more and cumulative property contribution of more than $500 during the tax year requiring the filing of Form 8283. In addition the tax professional will better understand the regulations pertaining to the cumulative contribution of property of more than $5,000 and the requirements of a “qualified appraisal” by a “qualified appraiser”