If you’re making any last minute gifts to charities, such as cash donations online or by check, be sure of 2 things: that the organization is legitimate (use the IRS Tax Exempt Organization Search Tool) and that you obtain required substantiation (e.g., a written acknowledgment from the charity for gifts of $250 or more). #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."
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