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December 22, 2008

IRS Announces Hearing on Record-Keeping Rules for Charities

The Internal Revenue Service announced today that it will hold a public hearing on January 23 on proposed rules to make sure donors keep proper records to prove they made gifts of cash and property to charities.

The IRS published the proposed regulations last summer to explain how the government plans to enforce recent laws that included provisions designed to cut down on abuses by donors and charities.

Members of the public who want to speak at the hearing in Washington must have submitted written comments about the proposed rules to the IRS by a November 5 deadline and must provide outlines of the topics they want to address at the hearing no later than tomorrow, December 23.

The proposed regulations were published in the August 7 Federal Register and are available online.

For more information, including instructions on how to attend the hearing, see IRS Announcement 2008-122 in Internal Revenue Bulletin 2008-51.

— Grant Williams

Monday December 22, 2008 | Permalink

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