Charitable Contributions

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Reminder: There’s No Such Thing as a $500 Non-Cash Charitable Contribution “Standard Deduction”

By | March 7th, 2017|Categories: Potpourri of Tax Topics|Tags: , , , |

This comes up every tax season and seems to be something people don't understand. On Schedule A, for itemized deductions, there's no such thing as a "$500 standard deduction for non-cash charitable contributions."

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Proper Documentation of Charitable Contributions

By | February 15th, 2017|Categories: Potpourri of Tax Topics|Tags: , , , |

Questions often arise about how to properly document charitable contributions. Here’s a brief overview.

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Are Discounts Given to a Not-for-Profit Deductible?

By | January 26th, 2017|Categories: Small Business Tax and Accounting|Tags: , |

The short answer is, there's really no special documentation you need, because it's technically not a charitable deduction.

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S-Corporations and Charitable Contributions: A Brief Overview

By | November 7th, 2016|Categories: Small Business Tax and Accounting|Tags: , , , |

The tax treatment of charitable contributions made by an S-corporation is something that clients sometimes question. Here's a brief overview.

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How Do Iowa’s Charitable “Checkoffs” Work?

By | September 14th, 2016|Categories: State Taxes|Tags: , , |

Line 57 of Iowa tax returns allows people filing Iowa tax returns to make contributions to four different causes.

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