![]() If you file a tax return and then move within a couple of months, you are likely to miss those notices. They will send their notices, letters, etc. Read: 6 things you can get free on tax dayģ) You’re in the process of moving, but don’t have the new address quite yet.Īfter you file a tax return, the IRS or state might have follow-up correspondence. The extension buys the taxpayer six months to get the paperwork done correctly. Tax pros are reporting that they have sent their clients back to their charities several times before finally getting a valid receipt. The problem? Many charities are not issuing proper receipts – since they are staffed by volunteers. (Or if you did, like a dinner, it must show the value on the receipt.) If any of these elements are missing, or you don’t have the receipt before you file your tax return (or April 18th), you will lose the deduction. What are proper receipts? They must have the name of the charity, their address, their taxpayer ID number, and a statement that you did not receive any benefits or items of value for your contribution. ![]() You must have proper receipts in your hands before you file the tax returns. As columnist Bill Bischoff points out, by filing an extension, you gain six months in which to raise the money to pay your taxes.Ģ) You made charitable contributions in excess of $250 to one or more charities.
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