This instructional video covers the following topics: ● Property donations ● Substantiation and qualified appraisal ● Appraisal summary ● Disallowed deduction cases ● IRS review and penalties
Entries Tagged as 'charitable contributions'
Preserving the Charitable Deduction Traps for the Unwary: Appraisals Instructional Video
March 9th, 2016 · Comments Off on Preserving the Charitable Deduction Traps for the Unwary: Appraisals Instructional Video · charitable contributions, Charitable deduction
Tags:appraisal summary·IRS review·penalties·property donations·qualified appraisal·substantiation
Preserving the Charitable Deduction Traps for the Unwary: Substantiation and Acknowledgment Rules Instructional Video
March 9th, 2016 · Comments Off on Preserving the Charitable Deduction Traps for the Unwary: Substantiation and Acknowledgment Rules Instructional Video · charitable contributions, Charitable deduction
This instructional video covers the following topics: ● Substantiation and acknowledgment rules ● Contemporaneous – example ● Written acknowledgment ● Substantiation – amount and type of property ● Good faith estimate – examples ● Property donations
Tags:acknowledgment·good faith estimate·property donations·substantiation
Preserving the Charitable Deduction Traps for the Unwary: Identity of the Donee and Tax-Exempt Status Instructional Video
March 9th, 2016 · Comments Off on Preserving the Charitable Deduction Traps for the Unwary: Identity of the Donee and Tax-Exempt Status Instructional Video · charitable contributions, Charitable deduction
This instructional video covers the following topics: ● Who is the Donee? ● Verification of Exempt Status ● Automatic revocation ● Donor Due Diligence
Tags:automatic revocation·donor due diligence·identity of donee·tax-exempt status
Preserving the Charitable Contribution Deduction; Traps For the Unwary — Limits on Deductions Instructional Video
March 9th, 2016 · Comments Off on Preserving the Charitable Contribution Deduction; Traps For the Unwary — Limits on Deductions Instructional Video · charitable contributions, Charitable deduction
Preserving the Charitable Deduction Traps for the Unwary: Limits on Deductions. This instructional video covers the following topics: ● Factors that limit charitable contributions deductions ● 50% limitation ● Special 30% limitation; and 30% limitation ● 20% limitation ● Carryover of Charitable Contributions ● An example which applies these limitations
IRS Withdraws Proposed Gift Substantiation Regulations
January 27th, 2016 · Comments Off on IRS Withdraws Proposed Gift Substantiation Regulations · charitable contributions, Proposed Regulations, tax returns
A donor who claims a charitable contribution deduction for any contribution of $250 or more requires that the donor obtain substantiation in the form of a contemporaneous written acknowledgment from the charity. Under an exception to this requirement (Internal Revenue Code Section 170(f)(8)(D)), a contemporaneous written acknowledgment is not required if the charity/donee organization files […]
Donations of Non-Publicly Traded Securities: Private Foundations versus Public Charities
December 9th, 2011 · Comments Off on Donations of Non-Publicly Traded Securities: Private Foundations versus Public Charities · charitable contributions, Federal Income Taxes, Private foundations
Donors face a very basic tax question when donating non-publicly traded securities to charity. Which recipient generates a “better” tax deduction: a private nonoperating charitable foundation or a public charity? A public charity would include, for example a church or synagogue. Assume that the security is not held as inventory in the hands […]
Tags:charitable contributions·non-publicly traded securities·Private foundations