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Donation Quiz

To start the quiz, click the blue ‘Start’ button below.

Created on December 30, 2020

Donation Recording Quiz

This quiz will test a person's knowledge on recording various types of donations.

Your results are for personal use and only available to you.

1 / 10

Category: GIK - Or Non-cash donations

Question:

When a donor donates stock to the church, which they held for more than a year, what tax benefit does the donor receive?

The donor does not pay state income tax.

The donor does not pay the stock income tax.

The donor does not pay the capital gains tax.

The donor does not pay ordinary federal income tax.

2 / 10

Category: General Questions

Question:

For private mail carriers and in person donations what is the deadline date for donations in the current year?

December 29th

January 2nd

December 30th

December 31st

3 / 10

Category: Vehicle Donations

Question:

Does the church or donor provide the claimed value of the vehicle, boat, or airplane over $500.00?

Donor

Church

4 / 10

Category: Vehicle Donations

Question:

Can a donor donate an airplane or a boat to a church?

Yes

5 / 10

Category: Vehicle Donations

Question:

When a vehicle is donated that is claimed to have a value of more than $500.00, what IRS form must the church fill out?

IRS Form 8383

IRS form W-3

IRS Form 1098-C

IRS Form 8282

6 / 10

Category: General Questions

Question:

The donor makes two donations of $260.00. Can the donor claim the deduction using their own bank records?

Yes

7 / 10

Category: Quid Pro Quo

Question:

The church charges $100.00 for a fall festival dinner. The meal is valued at $30.00 and the donation is $70.00. Does the church need to provide a written acknowledgement for the $70.00 donation?

Yes

According to the IRS website a written acknowledgement is needed for a contribution over $250.00. The exact wording is "A donor claiming a deduction of $250 or more is also required to obtain and keep a contemporaneous written acknowledgment for a charitable contribution ." For a single donation under $250.00 the donor can provide their own records to prove the donation -- ie like bank records, credit card receipts. Or the church can provide the written acknowledgement but they are not mandatory to do so. Keep in mind if there are multiple donations that total to $250.00 or more, then the church must do a written acknowledgement of all the donations and the dates of them.

8 / 10

Category: General Questions

Question:

**Does the church have to provide a written acknowledgement for a single donation under $250.00?**

Yes

9 / 10

Category: Volunteer Time and Service

Question:

Can volunteers claim a tax deduction for their time and services provided to the church?

Yes

10 / 10

Category: GIK - Or Non-cash donations

Question:

What IRS form does the church have to fill out within 125 days, if they decide to sell or dispose of a non cash donation that is worth more than $5,000.00?

IRS form W-3

IRS Form 8282

IRS From 8283

IRS Form 8383

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Donation Quiz

To start the quiz, click the blue ‘Start’ button below.

This quiz will test a person's knowledge on recording various types of donations.

Question: When a donor donates stock to the church, which they held for more than a year, what tax benefit does the donor receive?

Question: For private mail carriers and in person donations what is the deadline date for donations in the current year?

Question:

Does the church or donor provide the claimed value of the vehicle, boat, or airplane over $500.00?

Question:

Can a donor donate an airplane or a boat to a church?

Question: When a vehicle is donated that is claimed to have a value of more than $500.00, what IRS form must the church fill out?

Question:

The donor makes two donations of $260.00. Can the donor claim the deduction using their own bank records?

Question:

The church charges $100.00 for a fall festival dinner. The meal is valued at $30.00 and the donation is $70.00. Does the church need to provide a written acknowledgement for the $70.00 donation?

Question: Does the church have to provide a written acknowledgement for a single donation under $250.00?

Question:

Can volunteers claim a tax deduction for their time and services provided to the church?

Question: What IRS form does the church have to fill out within 125 days, if they decide to sell or dispose of a non cash donation that is worth more than $5,000.00?

Enter your email and name then click the finish flag to see your results!

Question:

When a donor donates stock to the church, which they held for more than a year, what tax benefit does the donor receive?

Question:

For private mail carriers and in person donations what is the deadline date for donations in the current year?

Question:

When a vehicle is donated that is claimed to have a value of more than $500.00, what IRS form must the church fill out?

Question:

**Does the church have to provide a written acknowledgement for a single donation under $250.00?**

Question:

What IRS form does the church have to fill out within 125 days, if they decide to sell or dispose of a non cash donation that is worth more than $5,000.00?