Non-Cash Donations Gone Wrong: The Besaw Case and Form 8283 Requirements copertina

Non-Cash Donations Gone Wrong: The Besaw Case and Form 8283 Requirements

Non-Cash Donations Gone Wrong: The Besaw Case and Form 8283 Requirements

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Jeremy breaks down the 2025 Besaw v. Commissioner tax court case, where a taxpayer lost a $6,760 charitable deduction despite everyone agreeing the donation actually happened. The case reveals why blank Goodwill receipts aren't sufficient, what "contemporaneous written acknowledgement" really means under IRC Section 170, and exactly what documentation taxpayers must maintain—whether they're filing Form 8283 or not. Learn the substantiation requirements for non-cash donations under $250, over $250, and over $5,000, plus how to properly value donated household goods and clothing using fair market value standards.

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