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IRS releases guidance on record-keeping and substantiation requirements for contributions made by payroll deductions.
Nonprofit and Church Legal Trends - Free Edition - May June 2007 (free edition)
How does a taxpayer substantiate a charitable contribution made by payroll deduction? How should a charity acknowledge those gifts? These questions are addressed in a recent IRS Notice. A deduction for a contribution made by a payroll deduction will not be allowed unless new record-keeping requirements are met.
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