Following new tax rules on charitable deductions.
The Omnibus Budget Reconciliation Act of 1993 established new rules governing individuals who make donations to charitable organizations and organizations that provide goods and services in return for charitable donations. Healthcare financial managers and fund-raising personnel need to become familiar with these rules so they can assure that donors of charitable contributions to their organizations will receive appropriate tax deductions and that the organizations themselves will not incur penalties for failing to make proper disclosures.
Luecke
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Healthcare Specialists, Inc., Cleveland, OH.
Sossi
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D000066:Accounting; D002017:Budgets / Q000331:legislation & jurisprudence; D002608:Charities / Q000191:economics / Q000331:legislation & jurisprudence*; D005653:Fund Raising / Q000191:economics / Q000331:legislation & jurisprudence*; D009939:Organizations, Nonprofit / Q000191:economics; D012650:Self Disclosure; D013660:Taxes / Q000331:legislation & jurisprudence*; D014481:United States