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IRS Issues New Charitable Contribution Rules

Jul 30, 2018
The Internal Revenue Service released today new substantiation and reporting requirements for cash and noncash charitable contribution deductions.

The final regulations reflect the enactment of provisions of the American Jobs Creation Act of 2004 and the Pension Protection Act of 2006. These regulations provide guidance to individuals, partnerships, and corporations that make charitable contributions.

Click here to view the new rules.

ASA plans to provide detailed analysis and impact to appraisers, as well as address this and related subjects in an upcoming webinar titled, Advanced Topics for Charitable Contributions: Bargain Sales, Fractional Interests, Cost Basis and IRS Form 8283 on Wednesday, November 7, 2018. Register online or by calling (800) 272-8258.