Not-for-Profit Organizations: Tax Receipts for Donations 2024

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  • Date/Time
    • Dec 2, 2024
    • Sign In: 9:30am (MT)
    • Program: 10:00am - 11:00am (MT)
    • Add to Calendar
  • Location
    • Your Computer
      Your Space
      ISCPA / CalCPE Webinar, ID 00000
  • Credits
    • 1.00
  • Credit Type(s)
    • Taxes (Technical) (1.00)
  • Prerequisites
    • None

  • Vendor
    • California CPA Education Foundation
  • Level
    • Basic
  • Fields of Study
    • Taxes

Description

Nonprofit organizations need to provide their donors with tax receipt letters (written acknowledgment) to comply with IRS rules and help donors get their tax deductions. Preparing tax letters is a deceptively simple task with many tricky points. In this webinar, we'll talk about the elements that should go into each type of tax letter, the mechanics of quid pro quo contributions, how to determine donor benefits, and how donor-advised funds fit in. This training will be valuable for nonprofit staff and tax professionals to know what to expect from their clients' tax receipt letters.

  • Presenters - Anne Denise Freiermuth
  • Designed For

    Designed For: CPAs and accounting professionals working in the not-for-profit industry.
  • Role Level - Entry-level/Individual contributor; Manager/Senior Manager; Director; Executive/VP; C-Suite; Sole Practitioner; Board
  • Objectives

    • Identify the elements of a donation tax receipt (written acknowledgement)
    • Determine the value of donor benefit
    • Recognize pure donations vs. quid pro quo contributions

    Highlights

    • Tax compliance
    • Donor relations

    Advanced Prep

    None

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    Leaders

    CALCPE Panel

    No Biography Available

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