IRS Rejects Return of Retirement Payouts to Get Charity Tax Break - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

IRS Rejects Return of Retirement Payouts to Get Charity Tax Break - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "Lawmakers made the extension of the tax break retroactive and gave taxpayers until January 31 to make such donations and have them count for the 2010 tax year. But the IRS said Wednesday that the legislation contains no provision for those who have already taken the distribution to return it to their retirement account and give it to charity."