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 deduction'
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
Charitable Contributions Acknowledgments
July 12th, 2013 · Comments Off on Charitable Contributions Acknowledgments · Charitable deduction, Charity
Donors cannot claim a tax deduction for any single contribution of $250 or more unless the donors obtain a written acknowledgement from the charity. The acknowledgment must be contemporaneous and can be sent via return e-mail when a donation is made. Typically charities send these written acknowledgments no later than January 31st of the year […]
Charitable Contribution Alert: Dot Your “i”s and Cross Your “t”s
March 16th, 2013 · Comments Off on Charitable Contribution Alert: Dot Your “i”s and Cross Your “t”s · Charitable deduction
Assume that you are an upstanding citizen and contribute generously, over $25,000, to your church in 2012. Assume further that your church, which is recognized as a 501(c)(3) organization, gives you a receipt that acknowledges and thanks you for your contribution. One detail: the receipt does not have a statement whether any goods or services […]
Congressional Hearing on Itemized Deduction for Charitable Contributions
February 6th, 2013 · Comments Off on Congressional Hearing on Itemized Deduction for Charitable Contributions · Charitable deduction
Congressman Dave Camp (R-MI), Chairman of the Committee on Ways and Means, today announced that the Committee will hold a hearing to examine the itemized deduction for charitable contributions as part of the Committee’s work on comprehensive tax reform. The hearing will take place on Thursday, February 14, 2013, in Room 1100 of the Longworth […]
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