I open up an envelope from a client this morning with a few documents and a sheet listing out what she paid for license plate tabs and a second item for donations. Her note says:
"Donations - whatever max is without receipts"
I've checked pub 17, ProSeries tutorials, and Google. Does anyone know what that max is?
For the record she brought in a 1099R, a SSA-1099, a 1098 plus that sheet of paper. I'm guessing it took her this long to get her stuff in because she must have spent the last couple of months trying to figure out what that donation amount was and finally gave up 😬
I get that often.. whatever the max is, or I sometimes get, same as last year.
yep.. first learned what SALY meant back in my Laventhol & Horwath days, right out of college.
SALY….
last year you took credit for $600 charity…
’oh no… I’m sure it is more than that…’
ok, your itemized deductions are 14,500 and standard ded…. 25900…is 10k okay?
’oh no… that’s way too much’
ok just tell me what number you’re comfortable with…..
Isn't the amount written on your ceiling? MY clients look up, scratch their heads and give me an amount to use.
@MICHAELMARS you should have told them to use Head and Shoulders shampoo.
I thought George's ceiling had the holes from the darts that were thrown at the numbers. It's not just a guessing game; there is some skill involved.
There is no donation deduction without receipts. I would say her max is 0.00.
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