The Tax Law of Charitable Giving, 5th Edition

Chapter Twenty - FourReporting Requirements

1. § 24.1 Gift Reporting by Individuals
2. § 24.2 Gift Reporting by C Corporations
3. § 24.3 Gift Reporting by S Corporations
4. § 24.4 Gift Reporting by Partnerships
5. § 24.5 Gift Reporting by Donees in General
   1. (a) General Requirements
   2. (b) Form 990, Schedule A
   3. (c) Form 990, Schedule B
6. § 24.6 Gift Reporting in Unrelated Business Context
7. § 24.7 Reporting of Noncash Gifts in General
   1. (a) Form 8283
   2. (b) Form 990, Schedule M
8. § 24.8 Reporting of Gifts of Vehicles
9. § 24.9 Reporting of Gifts of Intellectual Property
10. § 24.10 Reporting on Dispositions of Contributed Property
11. § 24.11 Personal Benefit Contract Reporting Requirements
12. § 24.12 Split-Interest Trust Filing Requirements

The federal tax law imposes a variety of reporting requirements on those who make charitable gifts and on the charitable organizations that receive them. Some of these reporting obligations are general; the making of certain types of charitable contributions triggers other reporting requirements.

§ 24.1 Gift Reporting by Individuals

Individuals are generally required to annually file income tax returns with the IRS.¹ This return is on Form 1040. In computing taxable income,² individuals who itemize their deductions³ subtract those deductions from their adjusted gross income.⁴ On the Form 1040, the amount of these itemized deductions is reported on line 40.

Itemized deductions are reported on Form 1040, Schedule A. Charitable contributions made in cash or by check are reported ...