|
#10
| |||
| |||
| dyu9999[at]gmail.com wrote: - quote - > I would appreciate the following information.
Yes. In fact, they are required by law to do so.> I wish to make a $5000 cash donation to Catholic church and > also wish to be able to deduct taxes on this. > 1) Does the church need to give me some sort of proof or > receipt on this so I can use for the proof of donation? - quote - > 2) If so, what form/paperwork(s) are they?
A statement from the church stating the amount of thedonation with an explicit statement of the value of any benefit you received other than feeling good about yourself or being spiritually uplifted (or something like that). << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#9
| |||
| |||
| - quote - > I wish to make a $5000 cash donation to Catholic church and
No forms, just a letter. A 501(c)(3) is required to give> also wish to be able to deduct taxes on this. > 1) Does the church need to give me some sort of proof or > receipt on this so I can use for the proof of donation? > 2) If so, what form/paperwork(s) are they? you a letter detailing your cash contribution if you gift $250 or more. I'm not sure of how it works with churches. Usually, after the end of a year, the church would give you a statement of your tithes made during the year. The letter or statement would be enough substantiation for the contribution. Josh << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#8
| |||
| |||
| - quote - > I would appreciate the following information.
For this amount, they do need to give you proof of receipt.> I wish to make a $5000 cash donation to Catholic church and > also wish to be able to deduct taxes on this. > 1) Does the church need to give me some sort of proof or > receipt on this so I can use for the proof of donation? You will need some corroborating support for your deduction. - quote - > 2) If so, what form/paperwork(s) are they?
A thank you letter on their letterhead will work best.Hope this helps, Wayne Rivers, CPA << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#7
| |||
| |||
| <dyu9999[at]gmail.com> wrote: - quote - > I would appreciate the following information.
The donee organization has to provide written acknowledgment> I wish to make a $5000 cash donation to Catholic church and > also wish to be able to deduct taxes on this. > 1) Does the church need to give me some sort of proof or > receipt on this so I can use for the proof of donation? > 2) If so, what form/paperwork(s) are they? - there is no speicified form or format ___________________________________ <<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <----- << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#6
| |||
| |||
| dyu9999[at]gmail.com wrote: - quote - > I would appreciate the following information.
Any cash gift of $250 or more requires that you receive a> I wish to make a $5000 cash donation to Catholic church and > also wish to be able to deduct taxes on this. > 1) Does the church need to give me some sort of proof or > receipt on this so I can use for the proof of donation? > 2) If so, what form/paperwork(s) are they? "receipt" from the church, indicating the amount and containing the statement that "no goods or services" were received in exchange for your donation. This "receipt" can take any form (letter, preprinted form, etc), and should be retained in your tax records. It is not necessary to attach the receipt to your tax return - unless specifically requested. Of course, to claim any deduction for such donation, your TOTAL itemized deductions must exceed the Standard Deduction for your filing status. If less, you get no additional tax benefit from your donation. << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#5
| |||
| |||
| dyu9999[at]gmail.com (Dave) posted: - quote - > I would appreciate the following information.
In this tax-savvy world of today, most churches are> I wish to make a $5000 cash donation to > Catholic church and also wish to be able to > deduct taxes on this. > 1) Does the church need to give me some sort > of proof or receipt on this so I can use for the > proof of donation? > 2) If so, what form/paperwork(s) are they? accustomed to providing statements to parishioners, confirming their donations and providing documentation for tax files. So you may not even have to ask, but you should inquire, and I'm sure they'll be happy to confirm your donation in some manner. You would simply keep the receipt with your tax records for the year in question (presumably 2006), and it would be available should the IRS ever query your itemized deductions. Bill << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#4
| |||
| |||
| dyu9999[at]gmail.com writes: - quote - > I wish to make a $5000 cash donation to Catholic church and
I assume you mean you wish to deduct it from your income. In> also wish to be able to deduct taxes on this. any event, your maximum tax savings will be the amount of the donation times your tax bracket rate. So if you are in the 25% bracket, you'll save at most around $1250 in taxes. - quote - > 1) Does the church need to give me some sort of proof or
Yes. And that's true even if you meant "check" when you> receipt on this so I can use for the proof of donation? said "cash". For donations of over $250 at a shot, a cancelled check is *not* sufficient. - quote - > 2) If so, what form/paperwork(s) are they?
A letter/note from the church saying how much the donationwas, when it was made, and stating that you received no goods or services in return for the donation. And preferably on church letterhead and signed by an appropriate officer (such as the pastor or the parish treasurer). See the IRS publication on charitable donations (I think that's Publication 526). -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#3
| |||
| |||
| - quote - > I wish to make a $5000 cash donation to Catholic church and
Yes. Under 'current' law any single donation of $250 or> also wish to be able to deduct taxes on this. > 1) Does the church need to give me some sort of proof or > receipt on this so I can use for the proof of donation? more must be acknowledged by a receipt. (The new Pension law just passed may have changed this to require receipts for all donations.) - quote - > 2) If so, what form/paperwork(s) are they?
A nice 'thank you' letter will do, saying that you gave themoney and got nothing tangible in return. The church knows how to do this. -- Don EA in Upstate NY << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#2
| |||
| |||
| dyu9999[at]gmail.com writes: - quote - > I wish to make a $5000 cash donation to Catholic church and
Yes. A receipt is required for any cash donation of $250 or> also wish to be able to deduct taxes on this. > 1) Does the church need to give me some sort of proof or > receipt on this so I can use for the proof of donation? more. You must have the receipt in your possession before you file your taxes. - quote - > 2) If so, what form/paperwork(s) are they?
A letter or receipt indicating the date of the donation, theamount of the donation, the donor's name, the recipient of the donation, the recipient's non-profit status, the recipient's non-profit tax ID number (if they have one), and the fact that no goods or services were received in exchange for the donation. The odds are that your church is completely familiar with how to handle this. << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#1
| |||
| |||
| <dyu9999[at]gmail.com> wrote: - quote - > I wish to make a $5000 cash donation to Catholic church and
Yes. You must have a written acknowledgement from them> also wish to be able to deduct taxes on this. > 1) Does the church need to give me some sort of proof or > receipt on this so I can use for the proof of donation? stating the value of any benefits you received in exchange for the donation before you file your return. See IRS Publication 526. The churches I've been involved with don't send individual receipts to their members, but periodic reports. If you're not a member of this particular parish and don't plan further contributions there's no harm in asking them to give you a receipt now. -- Phil Marti Clarksburg, MD << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| | |||
| |||
| dyu9999[at]gmail.com wrote: - quote - > I would appreciate the following information.
Yes, they will give you a receipt. This usually is in the> I wish to make a $5000 cash donation to Catholic church and > also wish to be able to deduct taxes on this. > 1) Does the church need to give me some sort of proof or > receipt on this so I can use for the proof of donation? > 2) If so, what form/paperwork(s) are they? form of a letter. This is what you use for your proof of donation. Missy Doyle << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#-1
| |||
| |||
| I would appreciate the following information. I wish to make a $5000 cash donation to Catholic church and also wish to be able to deduct taxes on this. 1) Does the church need to give me some sort of proof or receipt on this so I can use for the proof of donation? 2) If so, what form/paperwork(s) are they? Thanks Dave << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| church, deduction, donation, tax |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Can MS Money manage Church Funds? Joe: I have recently taken the position of treasurer for my small community church. They software they are using is very poor. I would love to use... | Microsoft Money | 1 | 12-17-2007 03:23 PM | |
| Winning a church raffle Manos: If someone wins a church raffle of which each ticket to enter the raffle costs $100.00 , which part does the winner pay taxes on, the price of the... | Taxes | 8 | 10-14-2004 08:44 AM | |
| Deduction for charitable donation question NoNameAtAll: In August I'm going to Poland as part of a Habitat for Humanity Global Village Project to help construct a three-story structure that will house... | Taxes | 2 | 06-30-2004 11:45 PM | |
| Church and 501(c)(3) Dick Adams: The entity involved is a store-front church in an impoverished neighborhood. Its expenses exceed its revenues and are covered by contributions... | Taxes | 2 | 05-09-2004 10:06 PM | |
| Use of a Church Building Jerry Buchanan: I am the treasurer of a small church. A person has asked me if she can use our facility for her tutoring service, for which she would pay a small... | Taxes | 5 | 12-30-2003 09:02 AM | |
| Thread Tools | |
| Display Modes | |
| |