First, I will restate my opposition to the issuance of year-end tax
receipts with the exception of those contributions made through recurring
donations.
Secondly, if you must issue a tax receipt then it must comply with the
rules as outlined in IRS Publication 1771. Meaning, you must clearly state
the total amount paid, describe and value benefits provided, and indicate
that the deductible amount is limited to the difference between the two.
If you have athletic donors whose contributions are not tax deductible due
to the change in tax laws (those previously partly deductible under the
80/20 rule), then they should not be reflected on the receipt at all as no
portion is deductible any longer.
So, to your point, I would only state something like, "This receipt only
reflect deductible donations to the institution and do not include payments
made for non-deductible programs." I certainly hope your athletic
department already explained the new laws to their donors 12 months ago!
John
John H. Taylor
Principal, John H. Taylor Consulting
2604 Sevier St.
Durham, NC 27705
johntaylorconsulting@gmail.com
919.816.5903 (cell/text)
Serving the Advancement Community Since 1987
On Fri, Jan 18, 2019 at 11:52 AM Tammy Cline <
tammy.cline@wpaog.org> wrote:
> Hello everyone,
>
> I was wondering if anyone has sample tax receipts they will be sending to
> your athletic donors. I’m wondering, with the new tax laws if we should
> have some sort of disclaimer on our receipts, such as, “your total to
> Athletics may have been more depending on your fees for membership” or
> something of that nature.
>
>
>
> Any advice would be greatly appreciated.
>
> Thanks,
>
> Tammy
>
>
>
> *Tammy M. Cline*
>
> *Assistant Director, Advancement Services*
>
> *West Point Association of Graduates*
>
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