Mrs nm received a letter from the irs asking her to submit


Mrs. NM received a letter from the IRS asking her to submit written substantiation of a $1,500 charitable contribution deduction. Discuss the probable tax consequences to Mrs. NM if:

a. She sends the IRS copies of her canceled check for $1,500 made out to the charitable organization and the thank-you letter in which the organization acknowledged her contribution.

b. She ignores the IRS request because she has no substantiation.

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Financial Management: Mrs nm received a letter from the irs asking her to submit
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