Charitable Contribution Denied – Medical Equipment

Written and Reviewed by Reed Tinsley | March 17, 2010

The Tax Court has recently ruled that taxpayers were not entitled to charitable deductions on contributions of diagnostic and laboratory equipment since the documents submitted with their tax returns provided only general descriptions and lacked essential information. Taxpayers failed to substantially comply with Reg. 1.170A-13 by not including adequate property descriptions, valuation methods used, manner of acquisition, and cost basis of equipment. In addition, taxpayers did not obtain written acknowledgements for the contributions under Section 170(f)(8) . Newton Friedman , TC Memo 2010-45 (Tax Ct.).

About the Author

Reed Tinsley CPA

This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation.

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