Is Your Church in Compliance with the IRS?”

Is your church in compliance? Please, if you are neither the Pastor or a Board Member of your church pass it on. Here are the three main requirements for a church donation receipt to be accepted by the IRS. 

  1. The date of the gift,
  2. Either the amount (cash/check) or description (non-cash) of the gift,  AND
  3. The phrase “No goods or services were provided in exchange for your contributions other than intangible religious benefits.”

(Generally, a donor must reduce the amount of the contribution deduction by the fair market value of the goods and services provided by the church.)