On Jun 5, 6:41 pm, Herb Smith <smithf...[at]aol.com> wrote:
- quote -

I need to read more carefully.


- quote -

Normally to split income or deductions among several people, a
partnership return is required. So I imagine, technically speaking, a
1065 is required to split the charitable deduction. But it's so much
work for so little money that I think each person can just report
their contribution on their own tax return and have the proper
documentation available in case the IRS asks. Of course, the best
solution is to write individual checks and get individual receipts.
But events like these may not be so well organized that there is a
dedicated person there to give individual receipts, or perhaps
everyone puts up $20 cash, and since they're there to socialize they
don't want to waste time filling out forms and getting a receipt. I
feel they ought to get the deduction they're entitled to. Maybe one
person can do the paperwork and email them a receipt and statement of
their individual $20 contributions. It seems fair.

In any case, it's possible that if your income is 60049 then a $20
itemized deduction would not change your tax at all, as the tax is the
same for incomes from 60000 to 60050 (I forget the actual range
numbers).

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

Herb Smith wrote:
....
- quote -


Seems like the solution -- guess there's no real difference in sending a
collection of checks as opposed to sending a single check as long as
they're designated for the specific purpose...

--

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

On Jun 5, 5:00�pm, "removeps-gro...[at]yahoo.com" <removeps-
gro...[at]yahoo.com> wrote:
- quote -

If you are interested in a deduction, just write a check to the
charitable organization (not the group collecting). The charity will
send you a receipt.

- quote -

I don't think the OP was talking about current students (reunion
event), so the assumption is that the attendees are all graduates or
alumni.

- quote -

You are overthinking the "problem". What partnership?

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

In article
<706c6a8c-8870-4ff3-8bd7-ffaece7901e0[at]e53g2000hsa.googlegroups.com> ,
"removeps-groups[at]yahoo.com" <removeps-groups[at]yahoo.com> wrote:

- quote -

Read it again. This is happening at a HS reunion, they're not students
any more.

--
Barry Margolin, barmar[at]alum.mit.edu
Arlington, MA
*** PLEASE don't copy me on replies, I'll read them in the group ***

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

On Jun 5, 4:30*pm, dpb <n...[at]non.net> wrote:

- quote -

It seems OK to me to do this, but for paperwork: the name on the
receipt from the 501(c)(3) should list the names of the group members,
there should be a statement from the group members stating who
contributed how much,
each person should keep a copy of the receipt and statement, and each
person should keep a copy of their deposited check image if any.

It seems unlikely that a high school's student itemized deduction
would be larger than their standard deduction (minimum $850), but with
summer jobs, investment income from stocks given to them by rich
parents, state taxes on these items, one needs to check to be sure.

I don't think you have to mess with a partnership return 1065. Not
sure if it even applies here anyway. And if each person is donating a
large sum, say more than $250, then they should donate seperately to
avoid the IRS telling them that they had to file a form 1065.

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

dpb wrote:

- quote -

See IRS pub 526. The rules were updated so there is no provision to
deduct undocumented donations. Old days, you could keep contemporaneous
records to track the $20 in the collection plate at church, the $10
dropped into the Salvation Army's bucket at Christmas time. No more. You
need a receipt from the organization or canceled check.
So, unless the collector gets the charity to produce a receipt listing
the donors and amounts, I'd stay with the 'chintzy' reply and say 'no'.

Joe

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

Say an unofficial group (high school class in this case) decides at a
reunion event to make a donation collected from the classmates to its
high school or other qualified charitable organization.

I've been asked if there is a way to pass on the tax deduction of
individual givers back to them if the class collects the donations and
makes a lump sum donation or would each individual half to earmark their
own direct contribution in order to get the deduction?

PS. I think it's a pretty chintzy question, but hey, I was the asked,
not the asker...

--

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >