From Library Journal
Seattle tax attorney McAllister has written a clear, basic primer for charities seeking advice on how to raise money. Drawing on her experience representing nonprofits, she answers the most common questions, such as how to treat contributions for premiums and contributions of $250 or more, in a friendly manner. She also tackles more advanced issues such as in-kind donations. McAllister offers many practical examples that aid in explaining the law. To her credit, she stresses the need for professional tax advice in complex cases and includes applicable IRS forms and publications as well as recommended reading for advisors. The first in a new series; recommended for general collections.?Harry Charles, Attorney at Law, St. Louis
Copyright 1998 Reed Business Information, Inc.
From the Publisher
Charities face increasingly complex government regulation. Charitable fundraising is becoming more difficult and competitive. At the same time, society's need for charitable services is growing. In such a challenging environment, how can charities keep up with ever-changing legal requirements -- and still have time to raise money and carry out their charitable missions? A new series of Law and Tax Guides for Charities helps show the way. The first title in the series,
The Charity's Guide to Charitable Contributions, is a practical, plain-English guide to what charities need to know about the federal income tax deduction for charitable contributions. It's an essential tool for every charity. Veteran tax lawyer Pamela McAllister guides readers through the maze of federal tax laws with topics ranging from membership premiums to special event, auctions to thrift shops. Readers discover clear, step-by-step instructions for determining how much of a contribution is deductible and what to tell their donors in a wide range of everyday situations, plus valuable practical advice on maintaining positive donor relations. Loaded with checklists, guidelines, and sample forms, this indispensable handbook will help charities be professional and knowledgeable, assist their donors, and avoid tax penalties. Numerous real-word examples are included, as well as concise introductions to advanced topics, such as planned giving.