Donors that make contributions to charitable organizations recognized under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”), may claim an individual income tax ...

On 11/4/24, the Internal Revenue Service issued a warning to taxpayers regarding the dangers of engaging with promoters of fraudulent tax schemes that involve donating ownership interests in closely ...

Congress has been making it harder and harder to deduct charitable contributions. Know the latest rules so the IRS won’t be able to deny tax breaks for your charitable donations. The increase in the ...

Tax breaks for charitable giving should be expanded, not eliminated, to encourage community engagement among all income levels, says University of Virginia School of Law professor Andrew Hayashi. In ...

Now’s a good time to tell your clients how to substantiate their charitable gifts on their 2016 federal income tax returns—due by April 18, 2017. Strict, detailed and overlapping substantiation ...

This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance ...

It’s the season of the year when thoughts turn to charitable gifts and IRA required minimum distributions. With deference to turkeys, this is a classic case of being able to kill two birds with one ...