The co-founder of a 501(c)(3) ferret rescue and sanctuary organization has been denied deductions of more than $7500 for contributions she made to her own charity. The Tax Court has said the gifts were each for $250 or more and she did not obtain a proper acknowledgment letter from the organization. The Court has upheld the position of the IRS that she had failed to comply with the substantiation requirements. The woman was serving as the organization’s president and was responsible for managing its finances when she made 44 contributions in varying amounts totaling more than $10,000 during 2006. She made the contributions by transferring funds electronically from her personal bank account...