Description
Nonprofit organizations must 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 course, we'll discuss 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
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
Course Pricing
WYOCPA Member Fee
$49.00
Non-Member Fee
$59.00
Your Price
$59.00
Upcoming Courses
-
Surgent's Auditing 401(k) Plans: Critical Issues and Annual Update
May 6, 2024
-
Ethics in the World of AI: A CPA's Guide to Managing the Risks
May 6, 2024
-
Adobe Acrobat - Increase Your Productivity With PDF Files
May 6, 2024
View all upcoming courses