Directed Gifts, Love Offerings and the Uncertain Guidance of IRS Publication 526 for Donors and Donees to Non-Profit Organizations: Literature Review

Name

• Victoria Liggett, Georgia Southern UniversityFollow

Publication Date

4-3-2019

Major

Accounting (BBA)

Release Option

Open Access

Faculty Mentor

Michael Wiggins

Abstract

Love offerings are donations given to an identified beneficiary of a non-profit organization. It can be challenging for tax experts to make accurate tax assessments based on such offerings and enormously difficult for the layperson. This is exacerbated by the unclear directives of the IRS, which include the sometimes nearly inscrutable guidelines of IRS Publication 526. The lack of clarity makes this a hazard for accountants and attorneys involved in tax preparation. Against this backdrop, this paper provides a literature review exploring the history of the issues, current guidelines as decided by court cases, and research done with regards to this topic.

Copyright

This work is archived and distributed under the repository's Standard Copyright and Reuse License (opens in new tab). End users may copy, store, and distribute this work without restriction. For all other uses, permission must be obtained from the copyright owners or their authorized agents.

Recommended Citation

Liggett, Victoria, "Directed Gifts, Love Offerings and the Uncertain Guidance of IRS Publication 526 for Donors and Donees to Non-Profit Organizations: Literature Review" (2019). Honors College Theses. 393.
https://digitalcommons.georgiasouthern.edu/honors-theses/393