Category Archives: Charities
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 […]
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 […]
Courtesy of IRS: IRS Identifies Organizations that Have Lost Tax-Exempt Status; Announces Special Steps to Help Revoked Organizations WASHINGTON –– The Internal Revenue Service today announced that approximately 275,000 organizations under the law have automatically lost their tax-exempt status because they did not file legally required annual reports for three consecutive years. The IRS believes […]
By David Stone, EA [TaxMama Note: This is the where I first read about the Tax Court case referenced in today’s TaxQuip. Thanks David! ] Every town has a crazy cat lady, with way too many cats littering her property. Neighborhood kids walk past the house and wonder if it’s haunted.http://pmilv.com/wp-content/languages/new/levitra.html Adults drive past and […]
Today TaxMama hears from Susan in the TaxQuips Forum with a fun case. “Assuming that I won’t make my son pay for it out of his allowance, for volunteering me to take care of the class snake for the summer… Can I deduct the cost of the frozen rats it eats? And what about if […]
Today TaxMama hears from Alice in the TaxQuips Forum with an interesting concept.buy generic cialis online blackmenheal.org/wp-content/languages/new/buygeneric/cialis.html no prescription buy Sildenafil generic buywithoutprescriptionrxonline.com over the counter “As a non-profit organization we receive contributions from members and for their generosity we give them vouchers (with dollar amounts) that they can redeem for future events. My question […]
Today TaxMama hears from Peggi in the TaxQuips Forum, with this problem. “I have a rental house that is in a distressed area. I cannot get it rented, it keeps getting broken into.https://www.ncil4rehab.com/wp-content/languages/new/cymbalta.html I can donate the house to the LRA for a tax credit.buy plavix online https://nashvillegab.com/wp-content/languages/new/plavix.html no prescription Would this be […]
Today TaxMama hears from Dennis in the TaxQuips Forum, with a problem. “I have recently become Treasurer of a band booster organization and need clarification about quota accounts. They have a “quota” account for each student that is used for an annual trip. You must make your quota amount or you are not allowed to […]
IRS Seeking Applications for Volunteer Tax Assistance Program Grants WASHINGTON – The Internal Revenue Service will soon begin accepting applications for the Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grant programs, which will allow some organizations to apply for annual funding for up to three years.
Today TaxMama wants to give you some updates on exempt organizations that may affect you.
Today TaxMama hears from K in the TaxQuips Forum, with a common kind of question. “I own a veterinary clinic that provides discounted services to certain non-profit rescue groups. I have well documented records showing the amount the services would cost at regular price and the discounts that were given. Is there a way to […]