Donor acknowledgments and filing IRS Forms 8282 and 8283

Description

Abstract: Most nonprofits already have in place a protocol to ensure that every donor gets a show of appreciation and a receipt with the information to claim a charitable contribution deduction on their tax returns. But their obligations may go further than that — for a noncash donation, they might also need to consider Form 8282 or 8283. This article explains when each of these forms is necessary and the processes involved.