Document Type and Release Option
Thesis (open access)
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.
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). University Honors Program Theses. 393.