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ACCOUNTS RECEIVABLE

Accepting Contributions to Safekeeping Accounts

A person or organization may wish to make a contribution to a safekeeping group to help fund the group's activities. Contributions should be deposited just like any other cash receipts (see Make a deposit into your safekeeping account), and are not subject to sales tax. Under no circumstances should a safekeeping group issue a receipt for tax purposes. Contributions are not tax-deductible.


Questions? Contact Accounts Receivable at 978-3333.