Audit: Taxpayers incorrectly claimed up to $3.8 billion in non-cash contributions
More than 273,000 taxpayers claimed roughly $3.8 billion in potentially erroneous non-cash charitable contributions in the 2010 tax year, according to a new report from the U.S. Treasury’s Inspector General for Tax Administration. The erroneous deductions resulted in an estimated tax reduction of $1.1 billion. The IRS code permits taxpayers… Read More →
