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Can I accept contributions and write The Michael J. Fox Foundation one check from my personal account?

April 26, 2017account contributions michael j. fox foundation write

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Can I accept contributions and write The Michael J. Fox Foundation one check from my personal account?

1 Answer

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We don’t recommend this method. If you deposit donations into your personal account, the IRS will consider that deposit income in your account and tax you on it. Also, because the check is from your account, we will not be able to issue your donors tax receipts for their gifts.