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| David Michael <webmaster[at]crmsolmag.8m.com> wrote: - quote - > Thanks seth... that's the key point - do I have any case /
There's no way you can force them to send the money to> tax law to support that I can have them transfer it away > from them - I never earmarked it for them or for a specific > use with them (other than giving it to them to start with > and asking that they leave it in my account to cover future > donations... anybody else, especially you. If you ask nicely, you might be able to get them to re-donate the money to a similar type of organization. Whether or not they do so, it should have no affect on your taxes. (If you get some benefit from the other organization based on the contribution, that ought to be taxable somehow.) Seth << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| Thanks seth... that's the key point - do I have any case / tax law to support that I can have them transfer it away from them - I never earmarked it for them or for a specific use with them (other than giving it to them to start with and asking that they leave it in my account to cover future donations... << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| David <webmaster[at]crmsolmag.8m.com> wrote: - quote - > We donated appoximately $10,000 in stock to a temple we
If you had the ability to get the money back then was the> belonged to in 2001. They asked what we wanted to do with > the donation and we asked that it be kept on our account to > pay for dues & payment for memorialization / celebration > donations within the temple ('a donation has been made to > the temple's library fund / education fund / rabbi's > discretionary fund, etc. in honor of '....'). In 2001, we > took the deduction for the donated stock. > OR ask for the money back and file a 1040x (ammended) return > for 2001 (we are still within the 3 year window for filing > an ammended return, right?) showing the lower amount that > was actually donated... donation valid in the first place? Asking them to transfer it to a different, similar entity is much safer. Seth << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| charitable, contribution, donation, move, reclaim, year |
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