Not-for-Profit Organizations: Tax Receipts for Donations 2024
1.00 Credits
Member Price $49
Non-Member Price $59
Overview
Nonprofit organizations need to provide their donors with tax receipt letters (written acknowledgment) to comply with IRS rules and help donors get their tax deductions. Preparing tax letters is a deceptively simple task with many tricky points. In this webinar, we’ll talk about the elements that should go into each type of tax letter, the mechanics of quid pro quo contributions, how to determine donor benefits, and how donor-advised funds fit in. This training will be valuable for nonprofit staff and tax professionals to know what to expect from their clients’ tax receipt letters.
Highlights
- Tax compliance
- Donor relations
Prerequisites
None
Designed For
CPAs and accounting professionals working in the not-for-profit industry.
Objectives
- Identify the elements of a donation tax receipt (written acknowledgement)
- Determine the value of donor benefit
- Recognize pure donations vs. quid pro quo contributions
Preparation
None
Leader(s):
- Anne Freiermuth
Non-Member Price $59
Member Price $49