Right after disasters it is common for scammers to come out of whatever holes they live in an attempt to get money and valuable information from well-intentioned individuals. Here are 8 steps to help you protect your money and your identity when scammers contact you unexpectedly. Adults need to heed [...] Read more »
Get The Receipt From The Charity In Writing Now
Do you remember when you could estimate the amount of a certain amount of giving to a charity without having a lot of documentation? “I estimate I dropped $20 to the Salvation Army kettle, and another $5 per week to the church collection, plus donated some clothes and other items valued at around [...] Read more »
Late Breaking IRA News: Roth Conversions, RMDs, Charity.
a taxpayer can't handle the tax treatment of various IRAs differently. A taxpayer may NOT pay all the tax on one Roth conversion and defer the income for a different IRA's Roth conversion; the way the taxpayer treats one 2010 IRA to Roth IRA conversion is the way the taxpayer must treat all 2010 IRA to Roth IRA conversions. Read more »
Last days to make a 2009 deductible donation for Haiti
A new law bolsters charitable donations made for recovery efforts in Haiti — donors can deduct gifts made before March 1, 2010 on their 2009 tax returns. Furthermore phone bills can be used as proof of donations made via text message. As always, small business services and taxation are our [...] Read more »
Change To Arizona Charitable Tax Credit For 2009
On 7/10/09 Governor Brewer signed HB 2286 which amends ARS 43–1088 regarding tax credits for contributions to qualifying charities. The law went into effect 9/30/09. The potential individual income tax credit for voluntary cash contributions made by the taxpayer during the taxable year to a qualifying charitable organization is up [...] Read more »