Charitable Contributions

Documentation Requirements for Non-Cash Contributions

Many taxpayers donate unused clothing or household items to Goodwill or other charitable organizations each year, and probably view it as a win-win situation. The donations go to a good cause, the taxpayer is able to remove some clutter from … read more

Tips for Making Year-End Charitable Donations

December has arrived and thanks to the holiday spirit (and the impending end-of-year tax deadline), December is the month when you are more likely to reach out to your favorite charity and make a donation. Whether you are looking to … read more

IRS Proposes Nonprofits Collect Social Security Numbers

For several years now, the IRS has been working to crack down on fraudulent deductions for charitable contributions. IRC §170(f)(8)(A) requires taxpayers to obtain contemporaneous written acknowledgment from a charity in order to claim donations of $250 or more. IRS … read more

Donating Artwork: Documentation & Appraisals

I recently had the opportunity to attend a lecture on Art & Legacy Planning at the Phoenix Art Museum and heard a talk by Susan L. Brundage, Director of Appraisal Services at Art Dealers Association of America. She shared a … read more

The Proper Way to Report Business Charitable Deductions

The rules for making charitable donations from your business are similar to those governing personal donations. For example, you can donate cash or property, your total deduction may be limited, you may need to get an appraisal to establish value, … read more

Dodging the Ice Bucket Challenge for a Charitable Contribution?

Have you been challenged to dump a bucket of ice water on your head? If you have no idea what I am talking about, you must not be on social media, or any Internet sites, and therefore I don’t know … read more

Tax Tips for Travel with Charity Work

If you partake in charitable activities that require you to travel, here are five important tax tips the IRS wants you to know: 1. The organization you do volunteer work for must be a qualified organization.  Make sure to ask … read more

Nine Tips on Deducting Charitable Contributions

Giving to charity may make you feel good and help you lower your tax bill. 1. If you want a tax deduction, you must donate to a qualified charitable organization. You cannot deduct contributions you make to an individual, a … read more

IRS Offers Tax Tips for “Giving”

December is traditionally a month for giving generously to charities, friends and family. However, these suggestions also apply once the seasons change and move from the Season of Giving to the Season of Tax.  Here are some “Giving” tips from … read more

Special Opportunity for Charitable IRA Rollover Gifts

H.R.8, the “American Taxpayer Relief Act” provides a special opportunity for Charitable IRA Rollover Gifts in 2012 if they are made in January of 2013.  The new tax law which has been signed by the President extends the Charitable IRA … read more


There is nothing more complex than the world of taxes. We know this and yet we chose careers where we face these issues everyday. We get questions day in and day out about new tax laws, forms and news items and how they affect everyday people and businesses. Well, here at Henry & Horne we have set out to do what we do best; help everyday people understand what is going on in the world of state, local, federal, estate and international taxation. We will provide these weekly posts and we encourage you to give us feedback on those posts as well as letting us know what else you would like to know more about. Welcome to "Tax Insights." We hope you find this blog informative and worthy of your time.

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