A document provided by Goodwill Industries International upon acceptance of donated goods, serving as an acknowledgment of the contribution. This written record substantiates the items relinquished, often including a detailed list and condition assessment, and functions as proof of donation for tax purposes.
The significance of such a record lies in its utility for claiming charitable deductions on income tax returns. The internal Revenue Service (IRS) mandates specific record-keeping requirements for donations, and this documentation often fulfills those stipulations. Retaining these records aids in accurate tax preparation and provides supporting evidence in the event of an audit. Furthermore, it allows donors to accurately track their philanthropic activities.
The following sections will delve into the specifics of obtaining, utilizing, and understanding the intricacies involved in the proper handling of donation records from charitable organizations. This includes information regarding valuation, storage, and potential complications that may arise during tax filing.
