Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Posted by taxguru on May 3, 2004

Federal authorities investigating Smithsonian donation – Selling something to a charity for a below market price is tricky enough when claiming a charitable contribution deduction for the discount. It’s a guaranteed IRS audit when the items are supposedly worth $50 million and a deduction of $32 million is being claimed.

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