Abstract
This guide is meant to be a user-friendly summary of the tax deductibility of individual donations to tax exempt organizations. It addresses each of twenty IRC 501(c) subsections. Students, taxpayers, and some practitioners assume that if an organization is tax exempt under a subsection of IRC 501(c), then individual donations to those organizations will be tax deductible on an individual’s federal income tax return. This is not always the case. Actual tax treatment excerpts from IRS Publication 557, Tax-Exempt Status for Your Organization, follow the summary guide.The Exhibit for this paper are available at the following URL: http://ssrn.com/abstract=2654773
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
