By Larry Blair
In Publications

The Internal Revenue Service prohibits a charitable contribution deduction for any contribution of $250 or more unless the taxpayer substantiates this contribution by a contemporaneous written acknowledgment of the contribution by the donee organization that includes:

(i) the amount of cash and a description (but not value) of any property.

(ii) whether the doner organization provided any goods or services in consideration for the contribution.

(iii) a description and good faith estimate of the value of any goods or services received.

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