Louis E. Michelson, A Professional Corporation

Providing Legal and Tax Advisory Services to Nonprofit Organizations

Charitable Contributions

Preserving the Charitable Deduction — Traps for the Unwary — Instructional Videos

The following are the free instructional videos and the links the videos

● Limits on Deductions: see the following link.

● Identity of the Donee and Tax-Exempt Status: see the following link.

● Substantiation and Acknowledgment Rules: see the following link.

● Appraisals: see the following link.

Charitable Contributions Acknowledgments

Donors cannot claim a tax deduction for any single contribution of $250 or more unless the donors obtain a written acknowledgement from the charity.  What should be included in this acknowledgment?  For balance of this post see the following link.

Charitable Contribution Alert: Dot Your “i”s and Cross Your “t”s

If you have a receipt from a charity that acknowledges your contribution.  Does it matter whether the receipt  does not have a statement whether any goods or services were provided in consideration for the contribution?  For balance of this post, see the following link.

 

Congressional Hearings on Itemized Deduction for Charitable Contributions.

Hearings were scheduled for February 14, 2013.  For balance of post see the following link.

 

Donations of Non-Publicly Traded Securities:  Private Foundations versus Public Charities

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?  For balance of post see the following link.

Nine Tips for Charitable Taxpayers

The IRS posted its “Summertime  Tax Tips on its website recently (IRS Summertime Tax Tip 2011-21).  It includes useful points for taxpayers who make regular donations to charity or plan to make donations before the end of the year.  If you make a donation to a charity this year, you may be able to take a deduction for it on your 2011 tax return.  For balance of post see the following link.