« Use of Eminent Domain Begins in Atlantic Yards Plan | Main | ATLANTIC YARDS CONSTRUCTION UPDATE »
August 1, 2007
DDDB Granted 501(c)3 Status
In other Develop Don't Destroy Brooklyn developments, this week's e-newsletter carried news that your donation is now OFFICIALLY tax deductible, which is much better than having your tax dollars going to subsidize Bruce Ratner's highly profitable Atlantic Yards mega project:
Better late than never? Some things are worth waiting for
As we expected, the IRS has granted Develop Don't Destroy Brooklyn 501(c)3 status, retroactive to August 20th, 2004. If you have given us a contribution since that date -- or would like to make a donation now or in the future -- it is and will be fully tax-deductible to the extent allowed by law.
If you have made a contribution to DDDB since August 20th, 2004, that you had not deducted because of our "pending" status, you have three years from the date the applicable return was due to amend the return and take advantage of the deduction.
To do this, you need form 1040X, which can download at www.irs.gov. Be prepared to substantiate any and all of your charitable contributions for the year(s) in question if you decide to go this route.
Posted by lumi at August 1, 2007 9:27 AM