Crypto donations to charity falter on fuzzy tax rules, value dips
Hard data about charitable donations denominated in cryptocurrency is difficult to obtain.
Source: accountingtoday.com
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IRS and Treasury provide safe harbor for conservation easements
The Internal Revenue Service and the Treasury Department issued a notice offering a safe harbor for the deed language in charitable conservation easements.
Source: accountingtoday.com
5 tax pitfalls this filing season for wealthy investors
Affluent investors typically have more complicated financial lives and more ways to get things wrong when filing federal tax returns in 2023.
Source: financial-planning.com
Tax Strategy: The status of syndicated conservation easements
The IRS continues to pursue these controversial transactions, in court and elsewhere.
Source: accountingtoday.com
Obama's Latest Proposal to Reduce Charitable Deductions Would Crowd Out Civil Society
President Barack Obama’s FY 2012 budget proposal would harm charitable organizations by raising the tax rate on upper-income individuals and families and reducing their income tax deduction for charitable donations. These two changes in the tax code would discourage charitable donations and leave the most generous donors with less money to donate. Predictably, they would shift resources from private nonprofit charitable organizations to the federal government, which is consistently less effective and efficient in caring for the needy.
Source: heritage.org