Tag Archives: Vouchers

Unused Charity Vouchers

Today TaxMama hears from Alice in the TaxQuips Forum with an interesting concept.  “As a non-profit organization we receive contributions from members and for their generosity we give them vouchers (with dollar amounts) that they can redeem for future events. My question is if we write off these old unused vouchers in our books, can these […]

Won a Prize

Today TaxMama hears from Jed in Missouri, who says. “I won a trip. Due to health issues, I never booked or took the trip. The voucher has since expired. Now the IRS says I owe tax on the value of the trip. Is this correct?”