Charities

IRS Online Search Tool for Easier Check on Information About Exempt Organizations

May 4, 2012

Courtesy of the IRS WASHINGTON — The Internal Revenue Service has launched a new online search tool, Exempt Organizations Select Check, to help users more easily find key information about tax-exempt organizations, such as federal tax status and filings. Share this:

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Charity for Dying Man

April 5, 2012

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Today TaxMama® hears from Jenenne in the TaxQuips Forum with this sad story. “At my husbands job they just found out that a fellow employee has been given 3-5 months left to live. The doctors say nothing can be done for him. Everyone is scrambling trying to get some money together for him to be [...]

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A Little Groundwork: Nonprofit Return : The 990

April 3, 2012

As with many things in life, we know we have to do them and we have to do them right and on time; filing tax returns ranks fairly high in this arena for many. In my own experience I have found that by finding some history or some context…

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Basic Legal / Financial Boundaries for a Nonprofit

March 27, 2012

Your organization is doing good work, and has an important message to offer your community. But do-gooding is not enough for your local governments and tax boards: there are strict rules that must be followed:

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The Basics: Why is there a NonProfit Tax Status?

March 20, 2012

The intricacies of nonprofit finance: solicitations, donations, gifts, pledges, 990, 1099, annuities, acknowledgements, meaningful budgets and reports make this topic rich with possibilities. You’re panting, now aren’t you?

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IRS Offers Tips for Year-End Giving

December 16, 2011

Courtesy of the Internal Revenue Service WASHINGTON — Individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have taken effect in recent years. Some of these changes include the following: Special Charitable Contributions for Certain IRA Owners This provision, currently scheduled to expire at the end of [...]

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Getting Real Value from Your Charitable Deductions

November 18, 2011

Harry and Esther are flying to Australia for a 3 week holiday to celebrate their 40th anniversary. Suddenly, over the public address system, the Captain announces, “Ladies and Gentlemen, I am afraid I have some very bad news. Our engines have ceased functioning and we will attempt an emergency landing. Luckily, I see an [...]

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Vet Bills

September 6, 2011

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Today TaxMama hears from Tina in the TaxQuips Forum, who’s in doubt. “I work for a non-profit animal shelter. We have someone who rescues animals, has them treated at a vet and tries to get them adopted. If she is unable to adopt them out, she brings them to us for us to take [...]

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Comic Relief

July 26, 2011

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Today TaxMama hears from K Syl in the TaxQuips Forum, who has a fun idea. “I have an Internet marketing business – a blog on comic books. The blog will have links for ordering comics to generate income on the blog and Pay Per Click ads. Large portions of the site will be devoted [...]

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Coaching Expenses

June 15, 2011

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Today TaxMama hears from Mimi in the TaxQuips Forum who tells us. “My husband coaches my son’s Little League and travel basketball team. Occasionally, he buys equipment for the team’s use and hosts an after-season party, complete with pizza, cake and beverage. Some of these expenses are not reimbursed by the league. Are these deductible? How about [...]

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