Give In Bitcoin

Directory of Churches receiving and / or holding Bitcoin

example receipt flowchart

    flowchart TD
    A[Nonprofit Receives Bitcoin Donation] --> B{Is the Donation Tax Deductible?}
    B --> |Yes| C[Issue Tax Receipt for Donation]
    B --> |No| D[Notify Donor of Non-Deductible Status]
    C --> E[Record the Transaction on Financial Statements]
    D --> E
    E --> F{Is the Donation Over $500?}
    F --> |Yes| G[File IRS Form 8283 - Noncash Charitable Contributions]
    F --> |No| H[No Further IRS Forms Required]
    G --> I[File IRS Form 990 - Annual Return of Organization Exempt from Income Tax]
    H --> I
    I --> J[Audit Trail and Documentation for Bitcoin Transaction]
    J --> K[Prepare Reports for Donor and Tax Authorities]
    K --> L[Maintain Compliance with State Regulations]