Donation receipt: Difference between revisions
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'''Donation Receipts''' are to be given to a someone making a donation. They should contain a description of the items being donated, your [[Federal Tax Identification Number]], but NOT the value of the items. The value of those items (as long as they are under xxx amount) is to be determined between the IRS and that individual. | '''Donation Receipts''' are to be given to a someone making a donation. They should contain a description of the items being donated, your [[Federal Tax Identification Number]], but NOT the value of the items. The value of those items (as long as they are under xxx amount) is to be determined between the IRS and that individual. | ||
As the Tax Excempt Organization you must keep a record of all the receipts you distribute. | As the Tax Excempt Organization you must keep a record of all the receipts you distribute. Simple receipt books can be found at most office supply stores. | ||
== References == | |||
* [http://www.irs.gov/pub/irs-pdf/p1771.pdf IRS Form 1771] | |||
* [http://www.irs.gov/publications/p526/index.html IRS Form 526] | |||
[[Category:Paperwork]] | |||
Latest revision as of 00:41, 23 November 2009
Donation Receipts are to be given to a someone making a donation. They should contain a description of the items being donated, your Federal Tax Identification Number, but NOT the value of the items. The value of those items (as long as they are under xxx amount) is to be determined between the IRS and that individual.
As the Tax Excempt Organization you must keep a record of all the receipts you distribute. Simple receipt books can be found at most office supply stores.