Read more... Sep 4, 2009
Several sources, including The Chronicle of Philanthropy, have reported, however, that there appears to be a surge in the number of $1-million and above gifts being made anonymously, as well as an increase in the number of donors making charitable contributions through donor-advised funds, where the nominal donor is the financial-services firm operating the fund ... Donors earn a sizable tax deduction for their charitable contributions. (PNN Online)
Fraudulent Tax Return Preparer Sentenced to Prison Sep 3, 2009
These false items included medial expenses, charitable contributions, miscellaneous employment-related expenses, and child care credits. Sperling conceded that his practice of preparing false tax returns resulted in a tax loss to the United States of $804,335. (PR Newswire)
Obama’s soak-the-rich mentality Sep 2, 2009
6 percent, and to collect even more tax revenue by limiting the deductions high earners can take for mortgage interest and charitable contributions. The Democratic health-care bill taking shape on Capitol Hill, meanwhile, calls for on the well-to-do. (Boston Globe)
Big ideas on tax deductions from budget office Aug 31, 2009
-- Clamp a 15 percent cap on the value of all itemized deductions - not just mortgage interest and property taxes but charitable contributions, medical expenses and casualty losses. The revenue windfall: $1. (San Francisco Chronicle)
IRS offers tips for charitable donations Aug 29, 2009
But careful planning now can make the process a lot easier and cheaper for taxpayers, especially for those who plan on making charitable contributions and deducting those donations from their taxable income ... Charitable contributions are only deductible if taxpayers itemize deductions using Form 1040 Schedule A. ... Taxpayers should remember to keep good records of charitable contributions they make. (Daytona Beach News Journal -- Local)
Are liberals just conservatives on the left? Aug 25, 2009
you rail against the charitable contributions conservatives make, but you wont take in the homeless, or go work more than an hour a year at a shelter. You talk big. (Waterloo-Cedar Falls Courier)
What Would Jesus Do? Ask Obama Aug 21, 2009
1 John 2:4-6check their tax returns for charitable contributions to understand. (). (Townhall.com)
Money-saving, year-round tax tips for small business owners Aug 20, 2009
Important receipts, charitable contributions, bank statements, credit card bills and other key documents can be scanned and filed by fiscal quarter. Owners should make copies for themselves or their accountant. (Ontario Argus Observer, OR)
Saturday 'Town Hall' meeting on Maine's new taxes Aug 15, 2009
There may be very modest reductions in income tax rates, but you will be taxed on much more of your income than before. "And you also will be taxed every time you hire a disc jockey for a party, moor a boat or even get your shoes repaired. The law throws a sales tax net over the whole state.". (Seacoast New Hampshire)
Robbins, McDowell earn designation Aug 13, 2009
Business valuations are most commonly required in conjunction with the purchase or sale of a business, succession planning, buy/sell agreements, charitable contributions, estate and gift taxes, and initial public offerings. In the litigation arena, valuations are often necessary in situations of business disruption, dissenting shareholder actions, divorce, and partner or shareholder disputes. (Park Hills Daily Journal, MO)
Thou Shalt Be Debt Free Aug 13, 2009
Credit-card debt can get in the way of charitable contributionsUnfortunately, debt isn't a new problem ... And, by passing the Hatch-Obama bill in 2006, the U.S. government agreed, stating that those in consumer bankruptcy can continue to make reasonable charitable contributions, including tithing. (Slate)
Should You Carry a Mortgage into Retirement? Aug 11, 2009
But you only benefit from this tax perk if all of your itemized tax deductions--including mortgage interest, charitable contributions, and state and local taxes--add up to more than the standard deduction that most taxpayers receive automatically. The standard deduction is $11,400 for married couples and $5,700 for singles in 2009. (Yahoo News -- Top Stories)
What Will Health Care Reform Cost You? Aug 11, 2009
President Obama recently spoke in favor of this revenue raiser, but it was loudly booed by nonprofits that depend on charitable contributions, as well as homeowners and real estate professionals who benefit from the mortgage tax break. Like the surcharge on the wealthy, this proposal has also gotten less traction among Senate Finance Committee members, because it isn't directly linked to the health sector. (CBS News)
Clunkers for Charity Need to Refuel Aug 8, 2009
In annual appeals and other "asks", development professionals may consider presenting donors with an opportunity for maximizing their charitable contributions this year. Consumers who participate in the "Clunker" program arguably have "saved" on the purchase of a new vehicle - and have more to give to charity. (Suite101.com)
Blackmon: Paperwork frustrating, but necessary Aug 5, 2009
We want our charitable contributions to help people, not pay for exorbitant salaries and benefits for executives. We've learned over the years, however, that self-regulation works well in few, if any, industries. (Athens Banner-Herald)
Help radio fight music taxMonday, August 3, 2009 Aug 4, 2009
In a single year, Montana radio generates more than 2 million in charitable contributions, more than 1 ... If radio stations have to pay a new government mandated fee, which we consider to be a tax, some might be forced to cut back their community programming and charitable contributions. (Missoulian, MT)
THAT WAS THEN Jul 29, 2009
His budget outlined savings from reductions in Medicare and Medicaid (mostly by cutting payments to doctors and other medical professionals), plus new taxes on upper-income households, including a reduction in the tax deductibility of their charitable contributions. Cutting Medicare is an old trick to fund new government health-care programs, but it can be politically poisonous when seniors get wind of it. (New York Post -- Opinions)
First Savings Financial Group, Inc. Reports 2009 Third Quarter Financial Results Jul 25, 2009
Charitable contributions increased $1. 2 million when comparing the two periods primarily as a result of the $1. (Primezone Releases)
A 'common-sense way to teach religion' Jul 19, 2009
Beaker wrote on Jul 17, 2009 10:21 PM:" Angelicus-There is already a spot for people to mark education deductions for church. Charitable contributions go on Schedule A. ". Angelicus wrote on Jul 17, 2009 5:45 PM:" DB, how about a check box on your state income tax returns? Let each taxpayer decide where he wants his education tax dollar to go. ". (Sioux City Journal, IO)
Obama's Tax-and-Spend Tastes Seduce Democrats Jul 17, 2009
And just to make sure the rich dont catch any kind of break, the White House is still pushing its plan to limit the deductibility of charitable contributions, and other investment expenses. Highway Robbery. (Bloomberg -- Columnists)
The bill for health reform Jul 15, 2009
Congress rejected Obama s proposal to pay for universal coverage in part by limiting the deductions that the wealthy can take for their charitable contributions and mortgage interest payments. Instead, the two leading funding proposals are a surtax on individuals earning more than $280,000 and couples earning more than $350,000, and a new tax on health insurance benefits that workers receive from their employers. (Boston Globe)
Discrimination in Measuring Efficiency Jul 11, 2009
The Court's 7-2 decision was unequivocal: "North Carolina's requirement that professional fundraisers disclose to potential donors, before an appeal for funds, the percentage of charitable contributions collected during the previous 12 months that were actually turned over to charity is unconstitutional." Why ... Demonstrating a wisdom that still twenty-one years later has not made its way into the thinking of the charitable "watchdog" agencies, the Court wrote that the law "unconstitutionally... (BusinessWeek)
Tribe says it will use local labor Jul 11, 2009
The gaming also benefits Arizona through our charitable contributions and sponsorships of numerous walks to raise money for disease research, Sirois said. The West Valley Resort Project is a more than 600 million investment, he said, that will include a 1. (Peoria Times, AZ)
Health bills atodds on funding Jul 10, 2009
The president, in his initial budget, had called for capping certain deductions, including those for charitable contributions, at the 28 percent income tax bracket, an idea initially rejected by a number of Democrats in Congress. But some lawmakers who opposed Obama at that point said they were willing to consider a higher limit - at the 35 percent bracket - that could still generate roughly $90 billion in revenue over 10 years to help pay for the healthcare overhaul, presuming the highest tax... (Boston Globe)
Obama's Broken Promises: Higher Taxes, Massive Debt Jul 9, 2009
"They understand that at some point tax increase are going to be necessary across the board. "Yes, for the middle class, too," he added. Obama made a firm tax pledge during the presidential campaign, repeating it numerous times in the weeks and months leading up to Election Day: no tax increases for individuals making less than $200,000 a year or couples making less than $250,000. "Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes," Obama told a crowd... (Newsmax)
Face to Face with Jon Ralston Jul 5, 2009
Now, some experts are concerned President Obama's new rules regarding tax deductions and charitable contributions could cut into giving from wealthy donors. Face to Face hears from some experts. (KLAS-TV)
Deadline looms on state budget compromises Jul 1, 2009
It would allow for charitable contributions and mortgage interest payments that are deducted from federal income taxes to also be used in state income tax filings. Flat taxes are backed by conservative and anti-tax groups, which say they will help spur investments. (Phoenix Business Journal, AZ)
Twenty good years (933) Jul 1, 2009
1 million in direct wages and benefits, and it made about 800,000 in donations, charitable contributions and mitigation fees. Employment has shrunk somewhat during the recession, but The Mill remains a key local employer. (Coos Bay-North Bend The World, OR)
Dems' Health Care Plan Just Plain Sick Jun 27, 2009
WASHINGTON -- President Obama's original plan to pay for his healthcare reforms was to limit charitable contributions and mortgage-interest payments that people can deduct from their taxable income. But both proposals were nonstarters from the moment they reached Capitol Hill. (Townhall.com)
America's healthcare system is a mess Jun 23, 2009
Too intimidated by organized labor to pass a meaningful tax on employee health benefits, Democrats are now looking to fund their program by taxing soft drinks and charitable contributions. The political implications of this are obvious. (Atmore Advance, AL)
Quiz tests knowledge about our government Jun 22, 2009
Clayons nails liberals on wealth, charitable contributions, crime and scandal. Cross and others will pooh pooh this by trying to deny or argue but their own arguments will prove how out of touch they are. (Waterloo Courier, IO)
Obama's Secret Moves On Health Care Jun 16, 2009
Who do you think makes the most charitable contributions anyway ... Who do you think makes the most charitable contributions anyway ... Who do you think makes the most charitable contributions anyway. (CBS News -- Health)
City council hears police complaints Jun 16, 2009
These resolutions outlined charitable contributions made by the city each year. Resolution 2009/2010-09 was a resolution authorizing the mayor, vice-mayor, city clerk/recorder, and the assistant city clerk/recorder to invest city funds with various banks and lending institutions in the area. (Camden Chronicle, TN)
Huckabee's Opinion Jun 16, 2009
3 percent, then we've not just covered our neighbor's mortgage and a car-maker's blunders, but we've made Joe Biden's charitable contributions for him too. Unlike the treasury secretary, I pay my taxes, and unlike Joe Biden, I pay my tithes. (Fox News)
LETTER: Day will come when Piper has to be paid Jun 2, 2009
shumphreys wrote on Jun 1, 2009 5:23 PM:" I haven't run anywhere 7X I am right here and responding to legitimate questions. AND by the way you didn't ask for proof of my charitable contributions, you demanded to know my financial situation, what I was paid when I worked for non-profit agencies and how I support myself now. I'll tell you what, you answer all your questions first, post your financial records on these pages and then I will post mine. ". shumphreys wrote on Jun 1, 2009 5:26 PM:" Of... (Mattoon Journal-Gazette, IL)
Helping Clients Estimate Their Affordability Range Jun 1, 2009
Charitable contributions $100. Movies, TV, Internet $120. (RealtyTimes)
Cutting back? You may find cash in your closet May 29, 2009
And for donations worth more than $500 taxpayers must document the method of establishing fair value and file a Form 8283 Noncash Charitable Contributions. Copyright 2009 The Associated Press. (MSNBC -- Business)
5 ways to raise $$$ from your closet May 29, 2009
For details on the IRS guidelines for apparel, refer to IRS Publication 526-Charitable Contributions at and IRS Publication 561, Determining the Value of Donated Property, at ... And for donations worth more than $500 taxpayers must document the method of establishing fair value and file a Form 8283 Noncash Charitable Contributions. (Atlanta Journal-Constitution -- Business)
SCJ offers to re-start Uptown TIF, donation process May 25, 2009
Semrau said the donation to Uptown from the company which has given about $10 million in charitable contributions in Racine and Kenosha counties this fiscal year is part of their role as a corporate citizen. We absolutely are good, paying tax citizens of the community, as well as giving a tremendous amount locally in product donations and charitable contributions, Semrau said. (Racine Journal Times, WI)
Proposal to head off massive education cuts faces uncertain fate May 24, 2009
The deductions at issue include charitable contributions, mortgage interest and certain medical costs. Taxpayers were allowed to deduct 50 percent of them until the "Stelly Tax Plan" eliminated them altogether in 2003. (WWLTV.com, LA)
AICPA Applauds Introduction of Bill by Representative Boucher and Representative Goodlatte to Prohibit Tax Strategy Patents May 22, 2009
He said the 77 tax strategy patents that have been approved and the 129 that are pending apply to a broad range of areas affecting regular taxpayers, including charitable contributions, estate and gift taxes, pension plans and deferred compensation. For example, Melancon said, a patent has been granted for the process of computing and disclosing the federal income tax consequences involved in the conversion from a standard Individual Retirement Account (IRA) to a Roth IRA.. (PR Newswire)
Lawmaker wants delay in Stelly state tax rollback May 22, 2009
Jackson's plan would postpone the effects of legislation approved in 2007: the reinstatement of itemized deductions for home mortgage interest, charitable contributions and certain medical costs that were eliminated under the Stelly Plan in 2002. Under the 2007 legislation, the tax decrease is to be phased in over several years. (WWLTV.com, LA)
New addition to Lakeview Fort Oglethorpe High School wall of fame May 21, 2009
In each county where Shop Rite has a store location, the company makes charitable contributions, especially to Special Olympics and the Boy Scouts. Classifieds. (Catoosa County News, GA)
Chrysler to close 789 dealerships May 15, 2009
5 million per year in the community, including sales, payroll taxes and charitable contributions, Taylor said. On top of that, laid-off workers will spend less, and towns will suffer from lost tax revenue. (MSNBC -- Business)
Obama's Top 10 'Faith Moments' May 12, 2009
It's strange how or why the magazine left out of its list that Obama proposed to limit tax deductions for charitable contributions. And what about Obama's request for Georgetown University to cover a monogram symbolizing Jesus' name when he gave an economic speech there. (Human Events Online)
Budget Deficit To Surpass $1.8 Billion May 12, 2009
Already apparently dead is a plan to raise $267 billion over the next decade to pay for his health care initiative by curbing the ability of wealthier people to reduce their tax bills through deductions for mortgage interest, charitable contributions and state and local taxes. And the congressional budget plan approved last month would not extend Mr. Obama's signature $400 tax credit for most workers - $800 for couples - after it expires at the end of next year. (CBS News)
Attorney general examining charities May 10, 2009
"People who make charitable contributions have every right to expect that their money will be spent as the charities promised," he said. Reach the reporter at. (AZCentral -- News)
RealNetworks Announces First Quarter 2009 Results May 8, 2009
RealNetworks, Inc. and Subsidiaries Supplemental Financial Information (Unaudited) Reconciliation of GAAP net income (loss) attributable to common shareholders to adjusted EBITDA excluding impairments and adjusted EBITDA is as follows: Quarters Ended ---------------- March December September June March 31, 31, 30, 30, 31, 2009 2008 2008 2008 2008 ---- ---- ---- ---- ---- (in thousands) Net income (loss) attributable to common shareholders $(12,136) $(240,499) $(4,500) $(1,305) $2,426 Interest... (Yahoo! Wire -- Entertainment News)
Letters to the Editor May 6, 2009
President Obama plans on paying for half the health care costs from increased taxes on families earning more than 250,000 per year, and these families will see a significant decrease in allowable itemized tax deductions for charitable contributions and mortgage interest. These actions will depress charitable contributions during a time of great need and will hurt the housing market. (Ontario Argus Observer, OR)
Obama approval ratings show class divide May 1, 2009
He tried unsuccessfully to scale back the deduction for charitable contributions, which is most largely utilized by the wealthy. "We're also doing away with the unnecessary giveaways that have thrown our tax code out of balance," Obama said at an event acknowledging "tax day" on April 15. (Boston Globe)
LETTER: Paying our fair share of taxes is a patriotic duty Apr 28, 2009
" Mike P wrote on Apr 24, 2009 12:03 PM:" How many of those opposed to graduated income taxes, itemize deductions and get recipts for their tithe or other charitable contributions from buying girl scout cookies, lions club and others at intersections, and even possibly writing a check for the salvation army kettle. Misers, scrooges, and tightwads, often use the we need a flat tax, but want a recipt for every nickel they could possibly write off of their taxes. (Mattoon Journal-Gazette, IL)
Obama's ambition Apr 28, 2009
Congress has rejected a couple of the president's revenue raisers, including a plan to nick charitable contributions and to take away the mortgage deduction for some homeowners. I am going to give the president and some of his team some unsolicited advice: Think smaller. (CNN)
Charitable Donations on the Rise? Optimism Continues to Grow During Lean Economic Times with New Ways to Give Apr 18, 2009
Charitable contributions are down, no doubt, the world economy is taking center stage in both in both our personal and professional lives. Charitable contributions have dropped in number even as there is considerable growth in demand for nonprofits' services ... Charitable contributions are down, no doubt, the world economy is taking center stage in both personal and professional lives. (Yahoo News -- Press Releases)
Obamas report 2008 income, most from book sales Apr 16, 2009
Obama has proposed putting a cap on the value of itemized deductions, like charitable contributions, for example. The White House on Wednesday also released the tax return for Vice President Joe Biden and his wife, Jill. (San Francisco Chronicle -- Politics)
T-Day: Outrageous Loopholes, Tax Tips Apr 16, 2009
If your financial life isn't a complicated one -- you don't pay interest on a home mortgage, you don't make large charitable contributions, etc. -- you can get your taxes done quickly by filing for a standard deduction instead of. (ABC News -- Business)
No Surprises In Obama's Tax Return Apr 16, 2009
Why is this article making the Biden's charitable contributions seem small ... Why is this article making the Biden's charitable contributions seem small. (CBS News)
Snaring the tax dodger Apr 14, 2009
Thus evasion has occurred when your contractor forgets to report the RM5,000 cash he receives for building your garage, or when a business owner tries to deduct RM20,000 personal expenses from his business taxes, or a person falsely claims she has made charitable contributions ... It is also lawful to avoid taxes by making charitable contributions. (The Star Online, Malaysia -- Business)
Disbarred Maryland Attorney Pleads Guilty to Preparing False Tax Returns Apr 14, 2009
According to the indictment and the plea agreement, Sperling knowingly prepared tax returns for his clients that contained false and fraudulent items, including inflated medial expenses, charitable contributions, miscellaneous employment-related expenses, and child care credits. The tax loss associated with false returns prepared by Sperling is $804,335. (PR Newswire)
Feds may have home sellers disclose energy cost Apr 13, 2009
This "wasn't targeted at the mortgage-interest deduction," he said, but rather "was really about deductions more broadly," because taxpayers in higher brackets get far greater benefits for making charitable contributions or owning a home than households in the middle and lower brackets. On FHA, Donovan is "absolutely concerned" by its explosive growth - from less than a 3 percent market share during the boom years to more than 30 percent today. (San Francisco Chronicle)
Commissioners try to clear up confusion over their own pay cut Apr 11, 2009
Johnson changed her charitable contributions effective April 1 ... kp wrote on Apr 10, 2009 8:43 AM:" Johnson changed her charitable contributions effective April 1. Because SHE ACCEPTED the 4.5 percent raise, her changes "reduced her paycheck" by 10 percent. I think it is great that the other two refused the raise and then took the 5.5 percent also. But still, they all only had a 5.5 percent cut. Smoke and mirrors, smoke and mirrors. Great for Johnson more write-offs with less pay, good... (Longview Daily News, WA)
City Settles With Hospital in Homeless Dumping Case Apr 10, 2009
2 million in charitable contributions to multiple organizations that support the mentally ill and homeless, including four Downtown institutions: Lamp Community, the Midnight Mission, the Union Rescue Mission and the New Image Emergency Shelter. The hospital will also pay $400,000 in civil penalties to the county and city of Los Angeles. (Los Angeles Downtown News, CA)
Obama AmeriCorps Volunteers Actually Paid Employees Apr 10, 2009
Obamas unsuccessful attempt to cap tax deductions for charitable contributions shows how little he understands the powerful force of real volunteer organizations. By putting a vast army of young people on the government payroll, the Democrats are expanding their reach by teaching the young that government is the answer to every problem. (Newsmax)
A Friend in Need Apr 8, 2009
Together with their children, they had a typical middle-class life, working hard, making charitable contributions when they could. But that was last year. (Beacon Villager, MA)
Coming together to solve problems Apr 7, 2009
" Candlewick wrote on Apr 6, 2009 8:54 PM:" I always suspected that liberals viewed taxes as charitable contributions for their pet causes. Now I'm certain. (Logan Herald Journal, UT)
Congress Backing Some Obama Goals, Not All Apr 6, 2009
On health care, the Senate voted 94-3 against lowering the tax benefits available to wealthier people taking advantage of deductions on charitable contributions. Obama wanted to have people in the upper brackets limited to a 28 percent deduction on itemized deductions instead of a maximum rate of 35 percent. (Newsmax)
