FOLLOW IRS RULES TO NAIL DOWN A CHARITABLE TAX DEDUCTION

By |2023-10-26T09:28:53-04:00November 27th, 2023|Accounting and Auditing, Business, Taxation|

Donating cash and property to your favorite charity is beneficial to the charity, but also to you in the form of a tax deduction.  However, to be deductible your donation must meet certain IRS criteria. First, the charity you’re donating to must be a qualified charitable organization, with tax-exempt status.  A tool on the IRS [...]

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PUMP THE BRAKES BEFORE DONATING THAT VEHICLE TO CHARITY

By |2022-08-18T08:44:08-04:00December 23rd, 2019|Accounting and Auditing, Taxation|

Many people might consider donating their vehicles to charity at year end to start the new year.  Why not get a fresh ride and a tax deduction, eh?  Pump the brakes – this strategy doesn’t always work out as intended. Donating an old car to a qualified charity may seem like a hassle-free way to [...]

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