Remember to Get That Donation Letter!

Please!  If you donate over $250 in cash or non-cash items to a charity, make sure you get the letter from the charity detailing and acknowedging the donaton.  If you don’t have it and are audited, you are sunk!  See this article about a lost deduction of $2,Million dollars plus a 20% negligence penalty on top of the regular tax, penalty and interest in SmartMoney by Bill Bischoff:

http://www.smartmoney.com/taxes/income/tax-rules-for-deducting-donations-1342043028507/

Always remember to get that letter or you will regret it!

Remember, You can count on us to count for you!     

    email bstonercpa@sbcglobal.net phone 818-317-6035

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