On the Record: No Substantiation Without Representation
Send your donors than-you notes. They'll thank you come tax season.
As donors prepare their federal income tax returns this and every year, one question looms: Can their tax-deductible gifts be substantiated?
The Internal Revenue Code has specific provisions under IRC 170 (f)(8) that govern when and how donations must be substantiated. Failure to comply with these rules could prohibit a donor from making a deduction.
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