A recent case illustrates the importance of strictly complying with the substantiation requirements (including the contemporaneous written acknowledgement requirement) for a charitable contribution ...

With January now in the rearview mirror, many charities have wrapped up their gift acknowledgment letters for 2021, thanking donors for their generosity and assisting them with their preparations for ...

Congress has been making it harder and harder to deduct charitable contributions. Know the latest rules so the IRS won’t be able to deny tax breaks for your charitable donations. The increase in the ...

As the deadline for 2023 income tax reporting approaches, it is timely to revisit the substantiation rules for claiming charitable deductions during the tax year. For many years, the IRS has focused ...

According to the latest Giving USA Annual Report of Philanthropy, charitable giving by American individuals in 2018 totaled about $292 billion. If you showed your generosity and donated in 2019, you ...

Freeman Law’s “The Tax Court in Brief” covers every substantive Tax Court opinion, providing a weekly brief of its decisions in clear, concise prose. For a link to our podcast covering the Tax Court ...

Analysis Substantiating Charitable Gifts: Specimen Letter to Clients Now is a good time to tell your clients how to substantiate their charitable gifts on their 2021 federal income tax returns—due by ...

There have been significant changes over the years in tax laws including the tax deductibility of charitable donations. The One Big Beautiful Bill enacted into law this July has continued to change ...