eTax.com Guide: How to Properly Record Charitable Contributions 💰
Learn the essential steps to document your cash, check, or monetary donations for tax purposes. Ensure your charitable contributions are correctly recorded with bank statements or written records to stay compliant.
etax
4 views • Jan 31, 2013
About this video
For a contribution of cash, check, or other monetary gift (regardless of amount), you must maintain as a record of the contribution a bank record or a written communication from the qualified organization containing the name of the organization, the date of the contribution, and the amount of the contribution. In addition to deducting your cash contributions, you generally can deduct the fair market value of any other property you donate to qualified organizations.
Video Information
Views
4
Duration
0:39
Published
Jan 31, 2013