Post by STEP – Advising Families Across Generations

The US Internal Revenue Service, supported by US courts, is increasingly denying charitable income tax deductions. Despite donations clearly occurring, when statutory and regulatory substantiation requirements are not met, documentation failures are treated as fatal rather than technical defects. In this STEP Journal article Joan Crain TEP uses recent cases to examines how vital timely and accurate documentation has become for charitable planning and income tax deductions in the US. 📖Learn more in the article: https://lnkd.in/ecAiNeE6 #STEPCPD #Tax