Posts tagged as:

charitable organization

12 Days of Charitable Giving: Humane Society for Seattle/King County

18 December 2011

It’s the first day of my annual 12 Days of Charitable Giving. Each of the 12 charities that I’ll be featuring in the series was suggested by a reader as a charity that could use a boost this holiday season. I’ll be posting one a day for – well, 12 days (I’m clever that way). [...]

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IRS Announces 2012 Mileage Rates

9 December 2011

The IRS has issued the 2012 optional standard mileage rates used for deducting the costs of operating an automobile for business, charitable, medical or moving purposes. They are: 55.5 cents per mile for business miles driven 23 cents per mile driven for medical or moving purposes 14 cents per mile driven in service of charitable [...]

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Give Your Favorite Charity a Boost

23 November 2011

There are 38 days left until the end of the year. That means you have just a little over a month to whittle down your taxable income (yeah, we tax people tend to think about the end of the year in slightly different ways). Sure, you could buy your entire family and staff a set [...]

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Run With It: Sports, Races and Taxes

25 October 2011

Over the weekend, I ran my first ever half marathon. I’m not gonna sit here and say it was easy. It was not. It was hard (note to self: When the web site warns, “Our course is not considered easy and fast,” pay attention.) But I finished in a quite respectable 2:18. So why did [...]

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Midyear Mileage Rate Changes Offer Relief, Likely to Cause Confusion

5 July 2011

After months of speculation and roller coaster oil prices, the IRS finally announced an increase in the optional standard mileage rates. The IRS generally only updates mileage rates once a year. However, with gas prices still on the rise, the IRS made an adjustment midyear. Doug Shulman said, about the increase: This year’s increased gas prices [...]

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Taxing Non-Profits: Is It the Modern Day Solution to Balancing Budgets?

11 May 2011

The mayor of Providence, Rhode Island, Mayor Angel Taveras, made national headlines last week when details emerged about his plan to tax nine tax-exempt hospitals, colleges and universities in an effort to raise revenue. If the tax stands, the city could collect millions from previously untapped sources. Providence, like many U.S. cities, is struggling to [...]

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12 Days of Charitable Giving: Sheltering Books

30 December 2010

The nominations are in for the 12 Days of Charitable Giving 2010. Our final of twelve charities to be featured this year is Sheltering Books, a nonprofit organization that collects women and children’s books and donates them to homeless shelters, domestic violence shelters and residential treatment centers that house children. The organization began in 2007 [...]

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Fix The Tax Code Friday: Charitable Org Reporting

8 October 2010

The IRS has been ramping up its campaign advising that charitable organizations of all sizes are now required to file annual information returns. The annual gross receipts of the charitable organization determines the kind of return to be filed. This has become a confusing issue for many smaller charities which have inconsistent receipts – some [...]

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Deadline Draws Near for Small Charities

5 October 2010

Charitable organizations with annual gross receipts of $25,000 or less have just a few more days to get compliant under an important deadline extension from IRS. In July 2010, the IRS issued the following statement: (If you prefer to skip the video, you can read the statement online here.) So really, what all of this [...]

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