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THE GENIE BUG North Central Iowa Genealogical Society P. O. Box 237 Mason City, Iowa 50402-0237 Volume 38 www.ncigs.or February 2012 Number 1 -----------------------------------------------------------------------------------------------------------------------------
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What is ncigs?
NCIGS stands for Non-Cash Charitable Contributions Information Reporting System.
Who is required to file ncigs?
Individuals, corporations, partnerships, and other entities who made non-cash charitable contributions exceeding $500 during the tax year are required to file NCIGS.
How to fill out ncigs?
NCIGS can be filled out electronically using the online platform provided by the IRS.
What is the purpose of ncigs?
The purpose of NCIGS is to report non-cash charitable contributions made by taxpayers for tax reporting purposes.
What information must be reported on ncigs?
The information that must be reported on NCIGS includes the description of the non-cash charitable contribution, fair market value, date of contribution, and the name of the charitable organization.
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