July 2, 2009
Federal Agency Examines Reporting of Cash Gifts
The U.S. Government Accountability Office, Congress's watchdog unit, has released a report on the "misreporting" of cash contributions to charities by individuals on their tax returns.
In 2001, an estimated 46 percent of taxpayers who deducted cash contributions misreported their deductions, the agency said.
"About 79 percent of misreporting taxpayers overstated a total of $16-billion in contributions while about 21 percent of misreporting taxpayers understated a total of
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