Don’t
you find this year’s tv ads for Henry and Richard are particularly stupid.
* Over at the MainStreet.com TAX CENTER I
report “The Start of Tax Filing Season Is Delayed”.
* From 1040 GEEK (a new, to me, tax blog I
recently discovered) – "5 Reasons to Hire Tax Professionals".
* And once you have decided to hire a tax
professional, FORBES.COM’s Kelly Phillips Erb lists “11 Questions To Ask When Hiring A Tax Preparer”.
* Jason Dinesen explains “Deducting Miles Driven for Charity” at DINESEN TAX TIMES.
Apparently Jason’s home state of Iowa is
more generous with its state tax deduction than the idiots in Congress, who has not increased
the allowable standard mileage allowance for years.
* Bruce McFarland’s last “Tax Talk Tuesday”
before its tax season hiatus discusses an apparently popular topic this time of year - “Finding a Tax Pro”.
* JD SUPRA BUSINESS ADVISOR provides a tax
tip that bears constant repeating - “Tax Tip: Don't Lose Your Charitable Deduction for Lack of Paperwork - A message from tax attorney Paul Topolka, former District Counsel of the IRS for North-South Carolina” -
“For
cash contributions of $250 or more, a cancelled check/credit card receipt is
not enough.
You must obtain, by
the time your return is filed (including extensions) in order to satisfy the
contemporaneous requirement of the Section 170(f)(8), a written statement from
the charity. It must:
·
Reflect the amount
of the donation;
·
List any
significant goods or services provided in exchange for the donation (other than
intangible religious benefits); or,
·
Specifically state
that ‘no goods or services were provided in exchange for this contribution’.”
Paul rightly suggests (highlight is his) -
“So
please review your charitable deductions now and look for the magical statement
that:
‘No goods or services were provided in
exchange for this contribution.’”
TTFN
No comments:
Post a Comment