Do Homework Before Making Year-End Donations

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Charlotte Business Journal
November 2009

As the end of the year quickly approaches, you likely will join many other civic-minded Charlotteans in making charitable gifts. In these challenging economic times, your generosity is particularly critical to the success — and in some instances the survival — of local nonprofit organizations.

But remember to use care in claiming deductions associated with these gifts. The federal government has stepped up its scrutiny of income-tax deductions claimed by individuals in recent years. Following are a few simple strategies that may help you to avoid the headache and expense of an IRS audit:

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