Friday, January 22, 2010

The Daily Citizen, Dalton, GA - IRS reminds tax-exempt organizations to file form 990 on time to preserve tax exempt status

The Daily Citizen, Dalton, GA - IRS reminds tax-exempt organizations to file form 990 on time to preserve tax exempt status: "ATLANTA — The Internal Revenue Service reminded tax-exempt organizations to make sure they file their annual information form on time. In 2010 the tax-exempt status of any non-profit that has not filed the required form in the last three years will be revoked"

Thursday, January 21, 2010

Haiti Donations Could Be Deductible This Tax Season

Haiti Donations Could Be Deductible This Tax Season: "U.S. taxpayers have been stepping forward to provide money to charities like the American Red Cross and Unicef, raising tens of millions of dollars through text messages alone. Now Congress is considering legislation that would allow U.S. taxpayers to deduct their Haiti donations this year instead of waiting until next year (see Lawmakers Propose Bill to Speed Haiti Donations)."

Tuesday, January 12, 2010

Estate Tax Lapse Helps Healthy Rich - Forbes.com

Estate Tax Lapse Helps Healthy Rich - Forbes.com: "If you're wealthy, here's some good news: You don't have to die in 2010, have a loved one pass on from natural causes or 'throw Grandma from a train' for your family to save big bucks from the temporary lapse of the federal estate tax."

Tuesday, January 05, 2010

Feingold supports tax write off for venison donation | Superior Telegram | Superior, Wisconsin

Feingold supports tax write off for venison donation | Superior Telegram | Superior, Wisconsin: "U.S. Sen. Russ Feingold is backing legislation to help boost venison donations to the hungry.

Feingold is co-sponsoring a proposal crafted by New York Democrat Chuck Schumer. It would let deer hunters deduct the cost of having their game processed from their taxable income, if the meat is donated to a food pantry or soup kitchen. On average, processing can run between $60 to $90 per deer."

Friday, January 01, 2010

Volume Up In Charity Advocacy - National Committee For Responsive Philanthropy

Volume Up In Charity Advocacy - National Committee For Responsive Philanthropy: ".. According to the Internal Revenue Service, more than 1,000 nonprofit organizations are classified as working to change public opinion and public policy and more than 75 percent were formed after 1970. Those organizations strive to monitor government decisions proactively, educate the public and develop policy solutions based on research. A recent study by the National Committee for Responsible Philanthropy, using return-on-investment calculations, showed that advocacy efforts pay off - for every $1 spent on advocacy, organizing and community engagement, constituents received $89 in benefits."