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

Quote:
Originally Posted by sunnydayz
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
Totally helps, thank you so much.

I'm sorry that you are being audited. How did you get informed? And how does it proceed from there? What has the experience been like?

It makes me want to get more organized. I think I would be a wreck and be upset.