[support] Re: Year-End Tax Deduction Letter

[Cecily Clemons]

Title: Re: [support] Year-End Tax Deduction Letter

I concur with Walt....the only thing required, by the IRS to nonprofit orgs is to notify donors of gifts, with date received, amount, and the tax deductible portion.  If you didn't send any donor premiums/benefits in consideration of their gift (or if the fair market value of the gift is either under 2% of the gift, or is no more than $7.60), then you can state that at the bottom of the letter  (something to the effect of "this is to confirm that no goods or services were provided in consideration of your gift.  Therefore, your gift is fully tax deductible").  I know some organizations do a final mailing at the end of the year, but I've noticed that it caused far more work on the part of the organization not to mention extremely confused donors.

My suggestion is to work the thank you letters up front to fulfil this requirement and not do year-end letters.




--
Cecily Clemons
Development Director
Predator Conservation Alliance
[EMAIL PROTECTED]g
406.587.3389
406.587.3178 (fax)

Shopping for holiday gifts? Choose from Predator Conservation Alliance's gift ideas at http://www.predatorconservation.org/merchandise.html and feel good about saving a place for America's predators.

From: "Will Young" <[EMAIL PROTECTED]>
Reply-To: "TechRocks Support" <[EMAIL PROTECTED]>
Date: Sat, 29 Dec 2001 14:50:02 -0600
To: "TechRocks Support" <[EMAIL PROTECTED]>
Subject: [support] Year-End Tax Deduction Letter

Hi,
I'm trying to create letters to each of our contributors which will serve
as evidence for the US IRS if they wish to and can take a deduction for
their gifts during calendar year 2001.  I can find no built-in letter, and
no quick way to generate such a letter short of getting into FileMaker.
Has anyone solved this problem (or have I just missed the answer when I
RTFMd)?  I think a new layout will solve the problem, but I'd rather not
reinvent a wheel if it can be avoided.  Can anyone share a solution?
Best wishes for a cheerful and prosperous new year.

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