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Thursday, March 14, 2013
Failure of Donor to Provide Written Acknowledgment for Gifts to Own Organization Results in Denial of Deduction | Planned Giving Design Center
Failure of Donor to Provide Written Acknowledgment for Gifts to Own Organization Results in Denial of Deduction | Planned Giving Design Center: The Tax Court has denied the income tax charitable contributions for an individual who founded an animal rescue organization because she failed to provide herself with contemporaneous written acknowledgments from her own organization for her contributions. The fact the taxpayer was on both sides of the transaction was immaterial in the eyes of the court.
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