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Old June 5th, 2008 -   #4 (permalink)
sunnydayz
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Default Re: I want to give money to my kid's school's parent club

You better make sure with your states tax laws as far as having a reciept. Every year I make a bunch of tees for moms who do the march of dimes walk because I have a preemie grandbaby. So when I talked to my tax guy he said it is not tax deductable because they are not a registered non profit. If I had made the donation to the MOD directly and gotten a reciept it would have been a deduction but because I donated just to the moms it was not. He also warned me that any charity you decide to donate to, make sure to get a reciept because if you are ever audited you will need the reciept from the charity (I am in the middle of this now, being audited). Its true you dont need a reciept when filing your taxes but if an audit comes up, you will need it. He also informed me that the irs is upping the audits 20% this year and probably a higher rate of audits next year because they need to get more money back into the system. I now know to make sure I keep really good records and to make sure you have all the paperwork to back up what you claim. Hope this helps
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