Sunday, August 21, 2011

Can someone donate office space to my 5013c and write it off? If so, how do I report it on my end? -

Also, in general....how to I report donations (monetary and physical items)and what is the proper way to give the donater a receipt?

If someone is wiling to donate office space, you would record the fair market value of the space as a donation in kind . You would give the donor a receipt based on the value of the donation. You are required to keep detailed records on all donors, which include name, address, phone number, email, date and amount of donation.

>>>

 

Home Posts RSS Comments RSS