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Tax receipts

Tell Ovante you're a 501(c)(3), and the buyer's confirmation email and order page state how much of their payment is tax deductible, with your legal name and EIN.

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When your organization is a 501(c)(3), Ovante can print a tax statement on each buyer's receipt: how much of the payment is deductible and what the buyer received for it. It works on every plan.

Turn it on

  1. 1
    Open Settings → General.
  2. 2
    Under Tax receipts, turn on We're a 501(c)(3) organization.
  3. 3
    Type your Legal name as it appears on your IRS determination letter. Leave it blank to use your organization's name.
  4. 4
    Add your EIN (optional): nine digits, like 12-3456789.
  5. 5
    Read the preview line under the fields. It shows what a $250 seat with an $80 dinner would print.
  6. 6
    Click Save changes.

What the statement says

For Dana's $250 seat at Gala Under the Stars, with an $80 dinner:

Note

Of your $250 payment, $170 is tax deductible to the extent allowed by law. You received goods or services worth $80. Chabad of Starbase Inc. is a 501(c)(3) tax-exempt organization, EIN 12-3456789.

How Ovante works it out

Over the whole payment, not ticket by ticket:

  • Paid is every ticket still standing, after refunds, plus every gift on the order.
  • Received is each ticket's fair market value, or its whole price when its ticket type has none.
  • Deductible is what was paid, less what was received, less any gift marked not tax-deductible. It never goes below zero.

So a ticket type without a fair market value adds nothing deductible. Set one on each ticket type; see Fair market value and what's deductible.

Where it prints

  • The buyer's "Order confirmation" email.
  • The "Donor thank-you" email, for a guest who gave without attending.
  • The buyer's order page.

It never prints on a guest's copy of a ticket email, before a pay-later order is paid, or when nothing on the order is deductible.

Good to know

  • An EIN that isn't nine digits won't save: "Enter a 9-digit EIN, like 12-3456789."
  • Gifts you record by hand carry their own Tax-deductible switch.