Tax Warrior Chronicles

Are Donor-Advised Funds the Right Tool for You?

Posted on Thu, Jul 11, 2019

By: Karolyn Banks, CPA, MT


Donor-advised funds are great tax planning vehicles, especially when you want to make a large tax-deductible contribution but have not identified specific charities to support.  Though many donor-advised funds administrators are available, the one you choose should be driven by your philanthropic goals. Today’s blog covers a few things to consider when making your decision.

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How to Host Tax Deductible Parties Benefitting Charitable Organizations

Posted on Thu, Apr 04, 2019

By: Rosalind W. Sutch, CPA, MT


Passionately supporting a charitable organization can be personally rewarding.  How you provide the support can be as simple as writing a check or as complex as throwing a charitable event in your home.  The former is easy to document and track for tax purposes, the latter is a bit more involved, but can have a significant impact for the charity benefactor.  Keep reading for the dos and don’ts of how to party with purpose and get a valuable tax deduction.

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2014 Standard Mileage Rates Announced by IRS

Posted on Sat, Dec 07, 2013

The IRS announced the 2014 optional standard mileage rates used to calculate your deductible costs of operating an automobile for business, charitable, medical or moving purposes. The business, medical, and moving expense rates decrease one-half cent from the 2013 rates.  The charitable rate is based on statute.

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Tips on Deducting Charitable Contributions

Posted on Wed, Apr 10, 2013


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Proposed Tax Reg Helps U.S. Foundations Give to Foreign Charities

Posted on Mon, Feb 18, 2013


As the new year begins, many private foundations are choosing the charities that they will financially support in 2013 to satisfy minimum qualified distribution requirements.  The question often raised is whether a private foundation can contribute to a foreign charitable organization.

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Political Contributions...Can Charities Do That?

Posted on Fri, Nov 02, 2012

Top Issues Facing Charities: PART III

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The Devil is in the Details: Charitable Contribution Substantiation

Posted on Wed, Oct 31, 2012

Top Issues Facing Charities - PART II

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