carolcareaccountingservices-com
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Hi I’m Carol Wilson, a CPA who is stubborn enough to continue helping nonprofits, from startup to supersized, with revenue recognition and other impossible accounting issues.
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Great article on DAFs. Claire Axelrad’s legal background helps her explain this complex area. Another interesting caveat is that a DAF cannot be used to make a “bifurcated payment” such as for a ticket to a fundraiser that includes a tax-deductible gift and a portion for non-deductible donor benefits, such as the value of a meal.
