Friday, March 13, 2020

IRS Charities Providing Disaster Relief Publication

With the challenges we will all face from the CoronaVirus Pandemic, I thought it would be useful to have the IRS Disaster Relief publication handy.

"This publication is for people interested in assisting victims of disasters or those in
emergency hardship situations through tax-exempt charities. Charitable organizations
have traditionally been involved in assisting victims of disasters such as floods, fires, riots,
storms or similar large-scale events. Charities also play an important role in helping those
in need because of a sudden illness, death, accident, violent crime or other emergency
hardship. This publication includes:

 advice about helping to provide relief through an existing charitable organization,
 information about establishing a new charitable organization,
 guidance about how charitable organizations can help victims,
 documentation and reporting requirements,
 guidance about employer-sponsored assistance programs,
 information about tax treatment of disaster relief payments,
 information about gifts and charitable contribution rules, and
 reference materials and taxpayer assistance resources.

By using this publication as you begin to plan your relief efforts, you will be able to ensure
that your program will assist victims in ways that are consistent with the federal tax rules
that apply to charities."

Philip Hackney

https://lawprofessors.typepad.com/nonprofit/2020/03/irs-charities-providing-disaster-relief-publication.html

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