Feb 04

New IRS Requirements for Charitable Contributions From Sandie Tropper, Chair, Personal Property Committee

For all your appraisals being completed for 2008 non-cash charitable contributions, you must include and sign a declaration included in the IRS proposed regulations.

To find the required declaration, please see page 45916, left column, middle of the page. The paragraph is labeled Appraiser Declaration.

(For a full copy of the proposed regulations, go to the IRS website: www.irs.gov.  In the top right Search (“keyword search terms”) type in Reg-140029-07.  You can download the proposed regulations, which are in the October 6, 2008 IRS Bulletin.)