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returns James P. Boyle Dis trict Director of InternalRevenue, reminded Virginia taxpayers today.
Another problem in the contribution area showing up on last year’s returns was the taxpayer who deducted thefull amount paid for a ticket to a charity ball, theatre benefit or banquet. Mr. Boyle said that only that part of the ticket price in excess of the value received by the buyer may be considered a charitable contribution. “When you pay $10 for a ticket to a charity banquet and receive a meal that would normally cost $4 then only $6 of your ticket may he considered a charitable gift,” he said. To help taxpayers avoid this mistake on 1967 returns, IRS has requested all charitable organizations selling tickets to fund raising affairs to clear ly indicate on the ticket the amount that is deductible. Identifying the deduction portion of the ticket price should end this problem, Mr. Boyle said.
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