by Arthur Geffen | Jan 4, 2023 | Charitable Gifts, Trusts
Every taxpayer’s financial situation is unique, and some donors may be looking for a more sophisticated approach to charitable giving. A charitable remainder trust (“CRT”) can be an effective tool for accomplishing your philanthropic goals while also creating a source...
by Arthur Geffen | Nov 3, 2021 | Charitable Gifts, Income Tax
WASHINGTON – The Internal Revenue Service today reminded taxpayers that a special tax provision will allow more Americans to easily deduct up to $600 in donations to qualifying charities on their 2021 federal income tax return. Ordinarily, people who choose to...
by Arthur Geffen | Mar 3, 2020 | Charitable Gifts
People give to charities for many reasons — to honor a loved one, to help a cause they feel passionately about, or simply to do something good. However, charitable giving also has significant tax implications that can lower income taxes during your life...
by Arthur Geffen | Jun 13, 2019 | Charitable Gifts, Tax, Tax Solutions
Learn about those people and organizations soliciting you before you make a contribution Use this database to view summaries of 3 million tax returns from tax-exempt organizations and see financial details such as their executive compensation and revenue and expenses....
by Arthur Geffen | Nov 26, 2018 | Charitable Gifts
When people are done giving thanks at the dinner table, many start another kind of giving. The annual Giving Tuesday happens the week after Thanksgiving to kick off the season of charitable giving. This year, Giving Tuesday falls on Tuesday, November...
by Arthur Geffen | May 16, 2018 | Charitable Gifts
The IRS launched a new tool on IRS.gov that gives taxpayers fast and easy access to information about exempt organizations. The new Tax Exempt Organization Search replaces the EO Select Check tool. Here are some things taxpayers will find when they use the new TEOS...
