Monday, August 06, 2007

Oh Lord....

clipped from www.time.com
Beginning with gifts given in 2007, the IRS will demand documentation for charitable contributions under $250. Once, all one needed was a diary entry to vouch for such donations. Specially designed ATMs at church will help document such spur-of-the-moment cash gifts, as well as planned giving. Also as a result of the new IRS rule, credit card donations and tithing are likely to increase too because such electronic fund transfers leave a paper trail.
Large urban churches have been accepting credit cards for several years, tapping into the Generation P (for Plastic) aversion to carrying cash. Pastors like to tell jokes about parishioners collecting Frequent Flier points on the way to heaven. A recent Dallas Morning News poll found that 55% of 200 local churches accept credit and/or debit cards.

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