Tax question

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Gvernon
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Joined: Thu Apr 09, 2020 11:24 pm
Zip Code: 93101
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Pilot?: Yes
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Tax question

Post by Gvernon » Wed Jan 05, 2022 7:35 pm

Does the organization provide any tax forms or info for filing for charitable contributions? I am a pilot. Cost of flight time incurred etc per mission. Thank you

captainsorenson
Posts: 70
Joined: Fri Dec 03, 2021 2:23 pm
Zip Code: 30276
Foster?: No
Pilot?: Yes
Airport identifier: 64GA
Distance willing to fly one way: 200
Location: Atlanta, GA

Re: Tax question

Post by captainsorenson » Wed Jan 05, 2022 10:55 pm

I found this form and it seems to do it all. (See attached) The key is you want the complete info for both sender and receiver with signatures upon pickup and delivery. Print out the communications from the bulletin board to show the chain. Log your time, record your expense records, aircraft rental, etc. keep it all together upon mission complete. You only record the annual total donations on your taxes. Your paperwork is kept safely away until a tax audit, if that was ever to happen.

IRS PUB 1771
“ Unreimbursed Expenses
If a donor makes a single contribution of $250 or more in the form of unreimbursed expenses, for example, out-of-pocket transportation expenses incurred to perform donated services for an organization, then the donor must obtain a written acknowledgment from the organization containing a:
„ description of the services provided by the donor
„ statement of whether the organization provided goods or services in return for the
contribution
„ description and good faith estimate of the value of goods or services, if any, that the organization provided in return for the contribution
„ statement that goods or services, if any, that the organization provided in return for the contribution consisted entirely of intangible religious benefits (described earlier in this publication), if that was the case
In addition, a donor must maintain adequate records of the unreimbursed expenses. See Publication 526, Charitable Contributions, for a description of records that will substantiate a donor’s contribution deductions.
Example of an unreimbursed expense: A chosen representative to an annual convention of a charitable organization purchases an airline ticket to travel to the convention. The organization doesn’t reimburse the delegate for the $500 ticket. The representative should keep a record of the expenditure, such as a copy of the ticket. The representative should obtain from the organization a description of the services that the representative provided and a statement that the representative received no goods or services from the organization.
Examples of Written Acknowledgments
„ “Thank you for your cash contribution of $300 that (organization’s name) received on December 12, 2015. No goods or services were provided in exchange for your contribution.”
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