The IRS now asks for more information in the revised IRS Form 990 regarding in-kind donations like clothing, cars and boats. This alert covers those reporting requirements, and the acknowledgement changes that could affect your donors.
Please note that in addition to the legal disclaimer above, this article contains information that is based, in whole or in part, on the laws of the District of Columbia. As a result, the information may not be appropriate for organizations operating outside the District of Columbia.
Article: New Form 990 Reporting Requirements