ContraCostaTimes.com | 01/15/2007 | New tax law stricter on church gifts: "New tax law stricter on church gifts
By Rebecca Rosen Lum
CONTRA COSTA TIMES
Placing a neatly folded bill or a clutch of coins into a collection plate as it passes along the pew calls up a Norman Rockwell image of American life.
But IRS rules taking effect this month may further change the way Americans contribute to houses of worship. The Pension Protection Act of 2006 prohibits donors from declaring contributions to churches or other charitable organizations unless they can produce records of the transactions.
Several Contra Costa clerics said they knew nothing about the change before a reporter called asking for comment."
No comments:
Post a Comment