Charitable Contributions

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

Making sure Your Charitable Contributions are Deductible

“I’m never going back to that CPA-they told me my contribution was not deductible” was not what I expected to hear as I rounded the corner to the locker room after a morning workout.  Of course, when I heard this … read more

Can You Carry Over Your Charitable Contributions?

Do you make charitable contributions because you get a tax deduction or do you make them because you believe in the mission of the nonprofit organization?  Or is the real answer somewhere in between those two? Regardless of your answer, … read more

Arizona Military Family Relief Fund

Many people have not heard about this charity that supports Arizona military families in need.  Not only does this charity exist, the state of Arizona offers taxpayers a dollar-for-dollar reduction in your tax owed.  I have been a tax accountant … read more

Are you a Volunteer that Wants to Claim Income Tax Deductions for Your Services?

In a recent highly publicized Tax Court case, Van Dusen v. Commissioner, and apparently the first to consider the issue, the taxpayer prevailed against the IRS in claiming charitable income tax deductions for unreimbursed expenses incurred for her foster care … 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, LLP 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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