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Posted by A.G. Kalman on July 1, 2006, 4:37 pm
Please log in for more thread options Bill Brown wrote:
> Vikeman wrote:
>> I am treasurer for a volunteer fire board who is a 501c(4).
>> While I realize not all contributions to 501c(4)'s are tax
>> deductible by the donees, it is my understanding that
>> contributions to volunteer fire departments such as ours ARE
>> tax deductible based on some research done by our
>> accountant.
>>
>> My question is how do we get listed in IRS publication 78?
>> It appears that only 501c(3) organizations are listed there
>> currently. Must we change our filing status to 501c(3) to be
>> listed, or is there another procedure?
> Only donations to 501c(3) organizations and governments
> (federal, state, local) are tax deductible as charitable
> contributions. So, yes, you have to change what you are to
> become a qualified organization.
I am not aware of anything in the IRC that requires only
donations to Sec. 501(c)(3) organizations to be deductible.
Charitable contribution deductions are defined in IRC Sec.
170(c) not 501(c).
A contribution to a Sec. 501(c)(4) organization qualifies as
being deductible as long as the organization meets the
definition and use of funds in accordance with Sec. 170(c).
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