direct report

IRS nixes charitable donation substantiation rules

By Diane Freda, reporter, Daily Tax Report Bloomberg BNA | Jan. 7 — The IRS has withdrawn proposed rules that would have allowed charities to directly report donors’ contributions to the agency, saying it won’t implement an exception to the current “contemporaneous written acknowledgement” (CWA) requirement for substantiating contributions of $250 or more. The Internal […]

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