Brief
January 6, 2013
Primary tasks
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.
Research Area
To reuse content from the Tax Policy Center, visit copyright.com, search for the publications, choose from a list of licenses, and complete the transaction.