IRS Audit: Taxpayers Claim $145,000 Income Tax Deduction for Donations to Goodwill

For gifts above $500, you must attach to the tax return a written description of the donated property and other relevant information. If the gift is valued at more than $5,000, the client must obtain an independent appraisal of the donated property and attach an appraisal summary to the return.

, , , ,
Previous Post
Address On Federal Return Creates State Income Tax Problem
Next Post
IRS provides relief for Hurricane Irma victims

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.