charitable contribution Archives - FREE Yourself from IRS Problems

A Discussion Of New York State Income Tax Deductions

Income tax deductions are expenses that may be deducted from pre-tax gross income. Of course, deductions reduce New York income tax and maximize a refund. One of the experienced tax professionals at the Thorgood Law Firm can assist any New…

Shamsey Oloko October 3, 2016 Charitable Contributions, Tax Scams

Possible Scams And Current Events: IRS Warns Consumers of Possible Scams Relating to Orlando Mass Shooting

The IRS recently issued a consumer alert about fake charity scams that may cultivate from the mass shooting in Orlando, Fla., and encouraged taxpayers to avoid unknown entities and instead seek out recognized charitable organizations. The IRS provides easy to…

Shamsey Oloko June 20, 2016 Charitable Contributions, Deductions

Documenting Charitable Contributions

Some deductions like charitable contributions are conducive to tax fraud. These tax-related events are subject to the utmost IRS scrutiny. Therefore, taxpayers are subject to very detailed rules which require them to produce a specified form of documentation as proof…