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IRS ISSUES STATEMENT ON TSUNAMI DEDUCTION

December 29, 2004

The statement, in full:

   Aid for Tsunami Victims May be Tax Deductible

   Contributions to domestic, tax-exempt, charitable 
   organizations that provide assistance to individuals in 
   foreign lands qualify as tax-deductible contributions for 
   federal income tax purposes provided the U.S. 
   organization has full control and discretion over the 
   uses of such funds.

   Publication 3833, Disaster Relief: Providing Assistance 
   through Charitable Organizations (PDF 507K), explains 
   how the public can use charitable organizations to help
   victims of disasters, and how new organizations can 
   obtain tax-exempt status

   Contributions are deductible for the year in which they 
   are actually made.

SOME PLACES TO GIVE:

American Red Cross (via Amazon.com)

Salvation Army South Asia Relief Fund

WorldVision

Command Post list of donation sites (not all are U.S. Charities)

If the donation is made on a credit card by 12/31/04, it is deductible this year, even when the credit card bill is paid later.

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