Donors: Always Have a Charitable Contribution Acknowledgement !!!

Yet again, we see another explicit example of the absolute importance for individual taxpayers to possess a contemporaneous charitable contribution acknowledgement to support a charitable contribution deduction taken on their individual income tax return. In the recently (February of 2012) decided Gaerttner case (TC Memo 2012-43), the Tax Court, not surprisingly, ruled that an individual taxpayer was not permitted to take a charitable contribution deduction in the absence of a contemporaneous charitable contribution acknowledgement.