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Tips on Charitable Contributions (Irs)

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Posted on: 30th Sep 2013

Could the information in this Tax Tips

provide �guidelines� regarding the amount

Of Non-cash Charitable Contributions

you could �safely� claim?

Maybe. You decide.

More than 7 million taxpayers claimed

deductions for Non-cash Charitable

Contributions for Tax Year 2010,

according to the IRS.

The total value of those donations was

$34.9-Billion.

I did the math, and it shows that the

average amount deducted per tax

return was $5,000.

WHAT DO YOU DO WITH THIS INFO?

You might want to print out this email and

slip a copy into your tax files for 2009,

2010, 2011, 2012 and new 2013 tax file.

WHY SAVE THIS INFO?

IF you claimed any non-cash contributions

to charity for any of those years, AND IF you

are audited, AND IF the auditor questions

the amount of your deductions, AND IF the

amount you claimed was less than $5,000 �

you will have proof FROM THE IRS that your

deductions were �below the national average.�

WHY SPECIFICALLY FOR

TAX-YEARS 2009-2013?

Those are the �open years� for which you

are eligible for an audit. Your tax returns

are subject to audit for a period of three

years from the date they were DUE or the

date they were actually FILED, whichever

is later (called Statute of Limitations).

Great Source of Home-Based Business Tax Deductions that could save you hundreds of dollars every month.

Click here! Now!

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