Tuesday, March 27, 2007

IRS Cracks Down on Charity Cheats

"IRS Cracks Down on Charity Cheats"

NEW YORK (CNNMoney.com) -- As a group, Americans are pretty philanthropic, but we also love to overstate our generosity. Especially when it comes time to filling out our annual tax return.

But, starting this year, the IRS is making that a whole lot tougher to do. Last summer, the tax man announced a new set of requirements about how Americans report their cash and household item donations in an effort to crack down on taxpayer abuse.

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