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The rule for not needing a receipt if donation less than 250

 

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The rule for not needing a receipt if donation less than 250 avnguyen 01-19-2007
Posted by avnguyen on January 19, 2007, 1:39 am
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Hey all, I've donated random clothes here and there
throughout the year the totals to less than 250.

Was there a rule in the past that you didn't need a receipt
if your non-cash donation totaled less than 250? I couldn't
find that in this years schedule A instructions.

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Posted by Barry Margolin on January 19, 2007, 9:03 pm
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avnguyen@gmail.com wrote:

> Hey all, I've donated random clothes here and there
> throughout the year the totals to less than 250.
>
> Was there a rule in the past that you didn't need a receipt
> if your non-cash donation totaled less than 250? I couldn't
> find that in this years schedule A instructions.

Yes, there used to be such a rule. They've changed it, so
now you need a receipt for all non-cash donations.

I wonder what this means for all those Planet Aid clothing
drops. How are you supposed to get a receipt when you just
dump clothing in a big box in a parking lot?

--
Barry Margolin, barmar@alum.mit.edu
Arlington, MA
*** PLEASE don't copy me on replies, I'll read them in the group ***

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Drew Edmundson on January 21, 2007, 4:57 pm
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> avnguyen@gmail.com wrote:

>> Hey all, I've donated random clothes here and there
>> throughout the year the totals to less than 250.
>>
>> Was there a rule in the past that you didn't need a receipt
>> if your non-cash donation totaled less than 250? I couldn't
>> find that in this years schedule A instructions.

> Yes, there used to be such a rule. They've changed it, so
> now you need a receipt for all non-cash donations.
>
> I wonder what this means for all those Planet Aid clothing
> drops. How are you supposed to get a receipt when you just
> dump clothing in a big box in a parking lot?

Publication 526 has this line:

"You are not required to have a receipt where it is
impractical to get one (for example, if you leave property
at a charity's unattended drop site)."

--
Drew Edmundson, CPA
Cary, NC

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Missy on January 19, 2007, 9:03 pm
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avnguyen@gmail.com wrote:

> Hey all, I've donated random clothes here and there
> throughout the year the totals to less than 250.
>
> Was there a rule in the past that you didn't need a receipt
> if your non-cash donation totaled less than 250? I couldn't
> find that in this years schedule A instructions.

You did not find it because it is no longer there. You will
need to have a receipt for every donation you have.

Missy Doyle

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Paul Thomas, CPA on January 19, 2007, 9:03 pm
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> Hey all, I've donated random clothes here and there
> throughout the year the totals to less than 250.
>
> Was there a rule in the past that you didn't need a receipt
> if your non-cash donation totaled less than 250? I couldn't
> find that in this years schedule A instructions.

You've always have been required to have proof (a receipt)
of the donation regardless of the dollar amount.

--
Paul Thomas, CPA
paulthomascpapc@bellsouth.net

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

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