Rules for Tax Deductions On Charitable Contribution
It has become common practice for some businesses to advertise that they will donate a certain percentage of their sales proceeds to altruistic causes or charities. This practice raises some...
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First Look at the Tax Cuts and Jobs Act
On December 22, 2017, the Tax Cuts and Jobs Act (TCJA) was signed into law by President Trump. Numerous revisions to the tax code, most which have taken effect as of January 1, 2018, have some...
View ArticleCharitable Contributions by S Corporations
Many taxpayers oversimplify the rules surrounding the charitable contribution deduction. Most are aware that contributions to public charities were previously deductible up to 50% of adjusted gross...
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COVID-19 and Charitable Contributions by Individuals and Businesses
The pandemic has put many people and businesses in need of help. The federal government has responded by enacting Economic Impact Payments, Paycheck Protection Program loans, tax credits, and extended...
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ICYMI | COVID-19 and Charitable Contributions by Individuals and Businesses
The pandemic has put many people and businesses in need of help. The federal government has responded by enacting Economic Impact Payments, Paycheck Protection Program loans, tax credits, and extended...
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