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Charitable Contribution Deductions under the new TCJA

Year End Tax Planning Starts with a Charitable Donation Assessment How Do You PLAN to Give Back Next Year?

Ho Ho Ho! Everyone is writing about being charitable today to assuage that capitalist guilt. 'Tis the season. Charity my friends and loyal readers starts in the home. Be charitable and loving with yourself first and foremost. Nurture your soul.

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Posted in Charitable Contribution

How much can you deduct for the gently used goods donated to charity?

Year End Tax Planning Starts with a Charitable Donation Assessment How Do You PLAN to Give Back Next Year?

How much can you deduct for the gently used goods donated to charity?

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Posted in Charitable Contribution, Deductible Expense

Old MacDonald had a Trust EIEIO CLAT CLUT here CRAT CRUT There

Old MacDonald had a Trust EIEIO CLAT CLUT here CRAT CRUT There

Old MacDonald had a Trust EIEIO CLAT CLUT here CRAT CRUT There. The one thing stopping good people from engaging the full force and effect of tax and estate planning using trust instruments is the language. Acronyms make it hard

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Posted in Charitable Contribution, Donor Advised Fund

Donor Advised Funds IRC §4966

In my last post about how year end tax planning starts with reassessing one's commitment to charitable donations I mentioned that my Mom donated her appreciated shares of Exon Mobile to a Donor Advised Fund (DAF). Many readers had questions

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Posted in Charitable Contribution, Donor Advised Fund

Year End Tax Planning & Charitable Donation Assessments

Year End Tax Planning Starts with a Charitable Donation Assessment How Do You PLAN to Give Back Next Year?

Year End Tax Planning Starts with a Charitable Donation Assessment How Do You PLAN to Give Back Next Year?

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Posted in Charitable Contribution

General Tax Benefits of Charitably Giving

Warren Buffet released certain claims made on his 2015 personal income tax return in a statement released by Business Wire, A Berkshire Hathaway Company. It is worth noting his remarkable generosity. Check out these figures: adjusted gross income - $11,563,931

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Posted in Charitable Contribution

Types of Charitable Contributions and the Most Common Way a Charitable Contribution Can Be Made

While working on the St. Peter 2016/17 Stewardship Campaign it became very clear to me that some very smart endowed good people simply do not know about the various types of charitable contributions that can be created or even simply how

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S – Corp Charitable Donations

The most intriguing aspect of maintaining this tax blog is the pleasure of meeting and engaging a wide variety of successful people all with the courage to take the risk of venturing out on their own professionally in pursuit of

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Posted in Charitable Contribution, Sub-chapter S

IRS Criminal Investigation Annual Report

IRS Criminal Investigation (CI) released its Annual Report for fiscal 2012. Investigations initiated (5,125) and prosecution recommendations were both up in fiscal 2012 compared to the prior year. Filings of indictments and other charging documents rose 13 percent. Meanwhile, convictions and

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Posted in Charitable Contribution, IRS Criminal Enforcement, IRS Enforcement, Tax Abuse

American Taxpayer Relief Act 2012

The American Taxpayer Relief Act of 2012 makes permanent many otherwise expiring tax provisions. The following is my summary of what I believe to be relevant provisions: Ordinary income above a certain threshold is taxed at a higher rate. The

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Posted in Adoption, Alternative Minimum Tax (AMT), Cancelled Debt, Capital Gain, Charitable Contribution, Child Tax, Employment Tax, Estate Tax, Excise Tax, Generation Ski[[ing Transfer Tax, Social Security Tax, Tax Credit, Tax Guidance & Preparation, Tax Relief
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