Is your church in compliance? Please, if you are neither the Pastor or a Board Member of your church pass it on. Here are the three main requirements for a church donation receipt to be accepted by the IRS.
- The date of the gift,
- Either the amount (cash/check) or description (non-cash) of the gift, AND
- The phrase “No goods or services were provided in exchange for your contributions other than intangible religious benefits.”
(Generally, a donor must reduce the amount of the contribution deduction by the fair market value of the goods and services provided by the church.)
