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 […]
Tag Archives: Charities
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 […]
Today TaxMama hears from Tomika in North Carolina who wants to know. “Can a for profit company receive a tax deduction for donating a website to a school? The only in-kind contributions I found were listed as a disclaimer on the non profit books.https://www.grapplearts.com/wp-content/languages/new/college-paper-writing-services.html Would the website be considered as a non deductible donation for […]
Did you make a cash contribution to your favorite charity? Have you recently spent a weekend cleaning stuff out of your garage or basement and then donated the items to a local charity? Charitable contributions can be tax deductible, but you must have the proper records to support your deduction. Due to the Pension Protection […]
Today TaxMama hears from Richard in Georgia who wants to know, “Is the deduction for charitable donations of $500 or less without receipts still allowed?”