Charitable giving, nonprofit tax rules, and what donors and organizations need to know to give (and receive) the right way.
From the Church of Satan to Key Worldwide Foundation (a target in the recent college admissions scandal), what constitutes tax-exempt status has continued to be a hot button issue in tax and nonprofit circles. Now, there’s another organization raising eyebrows: Safehouse, a Pennsylvania nonprofit corporation that hopes to open a supervised injection site, has been granted tax-exempt status by the…
This week marks tax deadlines for some taxpayers – including tax-exempt organizations on a calendar tax year-end – but software outages caused concern that filings might not be timely. In response, the Internal Revenue Service (IRS) is offering guidance for impacted taxpayers. Unlike last year’s glitch, this outage isn’t an IRS issue. On May 6, Wolters Kluwer…
There’s one more filing tax deadline to go this spring. The 15th day of the fifth month after the close of the tax year, or May 15, 2019, is the deadline for many tax-exempt organizations to file tax information returns for 2018. It used to be the case that certain information returns only applied to organizations that…
It was the stuff of TV movies: A heartwarming tale of a good Samaritan who helped a young woman out of a jam. Eventually, allegations surfaced that the tale of a homeless veteran’s act of kindness was a scam. This week, two of the players in the scheme, Johnny Bobbitt and Kate McClure, pleaded guilty…
It’s a wrap! Thanks to everyone who submitted charities for my 12 Days Of Charitable Giving 2018. If you submitted your favorite charity this year and you don’t see it on the list, please try again next year. Here’s the complete list for 2018: The Women’s Tax Resolution Center, Inc. America’s VetDogs First Book The…
It’s the final day of my 12 Days of Charitable Giving for 2018. Readers have suggested deserving charities over the past few weeks, and I’ll be posting one a day for—well, 12 days (I’m clever that way). Today’s charity is The National Center on Addiction and Substance Abuse (“The Center”). Forty million Americans ages 12 and…
It’s the eleventh day of my 12 Days of Charitable Giving for 2018. Readers have suggested deserving charities over the past few weeks, and I’ll be posting one a day for – well, 12 days (I’m clever that way). Today’s charity is beGirl.world (bGw). beGirl.world was founded as a vehicle to teach and expose the…
It’s the tenth day of my 12 Days of Charitable Giving for 2018. Readers have suggested deserving charities over the past few weeks, and I’ll be posting one a day for—well, 12 days (I’m clever that way). Today’s charity is the National Constitution Center. I’m admittedly a little biased here, and not just because the…
Taxpayer asks: Dear Taxgirl: So I was trying to figure out how screwed we (my wife and I ) are because of the new 2018 “tax cuts” and it looks like we lost about 16k worth of deductions. we paid approx. 22k in state, local and property tax (Paul Ryan would call this the SALT…
It’s the ninth day of my 12 Days of Charitable Giving for 2018. Readers have suggested deserving charities over the past few weeks, and I’ll be posting one a day for—well, 12 days (I’m clever that way). Today’s charity is Truth Be Told. Truth Be Told’s programs, which are designed by women, provide a safe, healing…