Reeder & Associates, PA






Updated on June 30, 2020

Donation Recordkeeping


Keep Records of All Donations.

You need to keep a record of any donations you deduct, regardless of the amount. You must have a written record of all cash contributions to claim a deduction. This may include a cancelled check, bank or credit card statement or payroll deduction record. You can also ask the charity for a written statement that shows the charity’s name, contribution date and amount.

Updated on June 28, 2020

Form 990-N Filing for Small Charities


Small tax-exempt organizations may be able to shift to the simpler Form 990-N (e-Postcard) for their annual information reporting. The IRS  issued guidance ( click here for Revenue Procedure 2011-15) that will allow more tax-exempt organizations to file the e-Postcard rather than the Form 990-EZ or the standard Form 990.

For tax years beginning on or after January 1, 2010, most tax-exempt organizations whose gross annual receipts are normally $50,000 or less can file the e-Postcard. The threshold was previously set at $25,000 or less. (However, supporting organizations of any size must file the standard Form 990 or, if eligible, Form 990-EZ).

Updated on June 25, 2020

Need Help Valuing Non-cash Donations?


Click here for a useful tool to assist you in valuing your donatons to charity of clothing and other household items.





CPA logo AICPA Member logo FICPA Member logo
Contact Us
813-908-5310


Copyright 2007-2010, Reeder & Associates, PA. All Rights Reserved. Please Read our Disclaimer before using information provided in this site. Site design by Fresh Rocket.