Calling All CPAs
I know Tim has warned that FrontBurner’s likely to be lame today, but here’s a serious, hopefully-not-lame question for any bean-counting FrontBurnervians out there: After you’ve been besieged by all these Christmas cards saying a “donation has been made in your name” to the Home for Abused Sparrows or Third World Orphans or some such, who gets to enjoy the federal tax writeoff? The donor? Or shouldn’t it be you, since this wonderful present was allegedly given in your name? Such gifts seem increasingly popular.
5 Comments to “Calling All CPAs”
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The donor. The gift was only made in your name. The gift is not the charitable contribution itself.
A gift (so as to give you the charitable contribution) must mean that the donor parted with dominion and control, which they did not do. They simply put your name instead of theirs or anonymous.
Glen- you must hold your liquor…maybe.or like, who cares?
I gave all my donations to the Human Fund.
Ungrateful much?
Yes, every Festivus I give to the Human Fund.