Guidance Documents
IRS Releases Revised Publication 557
Land trust board members and executive directors should be aware of the newly revised IRS Publication 557 – Tax-Exempt Status for Your Organization (June 2008) – that incorporates numerous changes in law from the Pension Protection Act of 2006 affecting tax-exempt organizations. Of particular interest are the appeal procedures, annual reporting requirements, sample organizational documents, and changes to reporting on Form 8282 (disposition of a charitable gift). The publication also discusses quid pro quo donations, contemporaneous acknowledgement letters and taxes on excess benefit transactions.
Download IRS Publication 557 (PDF, 1.3MB)
Charitable Contributions: Substantiation and Disclosure Requirements; IRS publication 1771
Contemporaneous Written Acknowledgement of an Easement Gift. If you are: a) an organization that receives contributions of $250 or more, b) an organization that provides goods or services to donors who make contributions of more than $75, or c) you are a donor who makes contributions to a charity, this pamphlet will explain how to comply with acknowledgement rules.
Download IRS Publication 1771 (PDF, 200KB)
Land Trust Accreditation Commission Guidance Documents
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