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

Tax Deduction for Hosting a Foreign Student

One of the considerations you have to keep in mind if you are thinking of hosting a foreign student is the cost of having another person living in your home. Fortunately, the tax law provides some help to offset that … read more

Substantiating Non-Cash Charitable Contributions

Giving to charity can be very rewarding. It not only helps the community but can also provide a benefit on one’s tax return. Charitable donations are reported on Schedule A in itemized deductions on an individual’s tax return. The following … read more

2014 Arizona Tax Credits

With 2014’s year-end quickly approaching, it is important to be aware of ways to lower your income tax. The below Arizona tax credits may offset your Arizona tax dollar for dollar and are applicable for 2014 individual tax returns: Credit … 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

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


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