Enforcing the Enhanced Charitable Deduction: Improved Reporting on the Form 8283

Brief

Enforcing the Enhanced Charitable Deduction: Improved Reporting on the Form 8283

January 7, 2013

Abstract

The inventory, or stock in trade, of a business is eligible for a special "enhanced" charitable contribution deduction under the federal income tax. The many requirements to claim an enhanced deduction present unique challenges for the Internal Revenue Service (IRS). This issue brief highlights problems with how enhanced deduction contributions are reported and makes suggestions for changes to such reporting in order to improve enforcement capabilities.

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