A number of years ago, I received a call from a pastor who just had someone volunteer to do some painting for the church. After the job was done, the volunteer asked for a gift receipt because they actually ran a painting business. The gift of service is so priceless that the IRS won’t let you assign a value to it.
So…what do you say to the volunteer that was expecting a gift receipt? How do you handle that situation?
Check out the video below:
- IRS Publication 526 (p. ): https://www.irs.gov/pub/irs-pdf/p526.pdf