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

Overview

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.

Highlights

• Tax compliance
• Donor relations

Prerequisites

None

Designed For

CPAs and accounting professionals working in the not-for-profit industry.

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

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by the California Education Foundation (CalCPA). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.