Creative Tax

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Substantiating Charitable Contributions

Many charitable organizations described in section 501(c)(3), other than testing for public safety organizations, are eligible to receive tax-deductible contributions in accordance with section 170. Most eligible organizations are listed in Publication 78, Cumulative List of Organizations described in Section 170(c) of the Internal Revenue Code of 1986.  A charitable organization must provide a written …

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The IRS Dirty Dozen

Every year The Internal Revenue Service issues its top scams, frauds and schemes which are called the IRS Dirty Dozen. make sure you rtead this report “Taxpayers should be wary of anyone peddling scams that seem too good to be true,” IRS Commissioner Doug Shulman said. “The IRS fights fraud by pursuing taxpayers who hide …

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