This form is a sample letter in Word format covering the subject matter of the title of the form.
Letter Donation Form With Tax Id Number In Minnesota
Category:
State:
Multi-State
Control #:
US-0018LR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Charitable contributions or donations can help taxpayers to lower their taxable income via a tax deduction. To claim a tax-deductible donation, you must itemize on your taxes. The amount of charitable donations you can deduct may range from 20% to 60% of your AGI.
Minnesota Taxpayers Taxpayers who do not itemize deductions on their federal income tax return are eligible to take a deduction for charitable contributions on their state return. Minnesota's Charitable Deduction provides a tax deduction of 50% of total charitable contributions over $500.
How much can you deduct for the gently used goods you donate to Goodwill? The IRS allows you to deduct fair market value for gently-used items. The quality of the item when new and its age must be considered. The IRS requires an item to be in good condition or better to take a deduction.
You can get Minnesota tax forms either by mail or in person. To get forms by mail, call 651-296-3781 or 1-800-652-9094 to have forms mailed to you. You can pick up forms at our St. Paul office.
The amount you can deduct for charitable contributions is generally limited to no more than 60% of your Minnesota adjusted gross income. Your deduction may be further limited to 50, 30, or 20% of your Minnesota AGI, depending on the type of property you give and the type of organiza- tion you give it to.
However, you should be able to provide a bank record (bank statement, credit card statement, canceled check or a payroll deduction record) to claim the tax deduction. Written records, like check registers or personal notations, from the donor aren't enough proof. The records should show the: Organization's name.
Proof can be provided in the form of an official receipt or invoice from the receiving qualified charitable organization, but it can also be provided via credit card statements or other financial records detailing the donation.
Most Minnesota businesses will need a Minnesota state tax ID number, but don't realize that this number is distinct from your federal tax ID number. Your Federal EIN (FEIN) number is often referred to simply as a “tax ID.” You may also hear it called an employer identification number, or EIN.
More info
Social Security Number or Individual Taxpayer ID Number (last 4 digits). Enter the entity name and identifying number from the tax return where the noncash charitable contribution was originally reported, if different from above.Download forms for Charitable Solicitation Registration, Charitable Trust Registration, and Professional Fund-Raiser Registration. Within the letter, please be sure to include the event date, your 501C tax id number, as well as the mailing address for the requester. Catholic Charities' tax identification number is 41-0721636. Use this form to register a Minnesota Nonprofit Corporation under Chapter 317A. The Foundation is a recognized 501(c)(3) organization. You can download a copy of our IRS designation letter as well as our W9 form. If you are not applying for exemption as an institution of purely public charity, fill out Form CR-PTE, Application for Property Tax Exemption. Staff members will distribute items as needed to patients and families throughout our hospitals and clinics.
