Make sure the Charity is legitimate before setting them up in your vendor master file. Listen to this podcast to learn where and how to validate. For Accounts Payable teams and individuals alike.
Vendor Setup & Maintenance Additional Resources:
IRS Publication 78: List of organizations eligible to receive tax-deductible charitable contributions
IRS Publication 526: Charitable Contributions dictate which organizations and contributions are eligible for deductions.
IRS Tax Exempt Organizational Search Tool: https://www.irs.gov/charities-non-profits/tips-for-tax-exempt-organization-search
Download Tax Exempt List: https://www.irs.gov/charities-non-profits/tax-exempt-organization-search-bulk-data-downloads
Download IRS Business Master File Extracts: https://www.irs.gov/charities-non-profits/exempt-organizations-business-master-file-extract-eo-bmf
IRS Article: Fake charities make 2018 ‘Dirty Dozen’ list; https://www.irs.gov/newsroom/fake-charities-make-2018-dirty-dozen-list-taxpayers-should-be-alert-to-scams-involving-disasters-worthwhile-causes
IRS Article: Beware of Fake Charity Scams Relating to Hurricane Harvey: https://www.irs.gov/newsroom/beware-of-fake-charity-scams-relating-to-hurricane-harvey
Training: 3 Step Vendor Setup & Maintenance Process: www.debrarrichardson.com/training
Accounts Payable Gifts: www.debrarrichardson.com/shop
· Music Credit: www.purple-planet.com
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