September 2, 2004 | Read Time: 1 minute
The Internal Revenue Service is asking charities and donors for their views on the paperwork and information required of them under regulations for a 10-year-old federal law governing donor receipts.
Under the law, charities must give donors a breakdown of which deductions may be claimed when a donation of more than $75 is made in exchange for a book, meal, or other item of value. What’s more, donors cannot claim write-offs for gifts of $250 or more unless they have receipts from charities.
Comments about the paperwork requirements — including suggested “ways to minimize the burden” of the procedures — must be sent by October 22 to Glenn Kirkland, IRS, 1111 Constitution Avenue, N.W., Room 6411, Washington, D.C. 20224.
The request for comments was published in the August 23 issue of the Federal Register. It can be found online, on Pages 51,881-2, at http://www.access.gpo.gov/su_docs/fedreg/a040823c.html.
