ComproTax Talks!

If you are donating to charities providing earthquake relief in Haiti, you may be able to claim those donations on your 2009 tax return. Here are 10 important facts the Internal Revenue Service wants you to know about this special provision.

A new law allows you to claim donations for Haitian relief on your 2009 tax [...]

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The acceleration of Income Tax Benefits for Charitable Cash Contributions for Relief of Victims of Earthquake in Haiti (P.L. 111-126 (H.R. 4462)) enacted on Friday, Jan 22, 2010, allows taxpayers who itemize deductions on their 2009 return to qualify for this special tax relief.

Any cash contribution made after Jan 11, 2010, and before [...]

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Saturday, January 23, 2010 12:45 PM CST

According to the Associated Press, taxpayers will be able to write off charitable donations to Haiti earthquake relief efforts when they file their 2009 taxes this spring under a bill President Barack Obama signed yesterday (Fri., Jan. 22).
The measure sped through Congress, receiving final approval Thursday.
Under current law, donors [...]

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WASHINGTON — When Jody Richards saw a homeless man begging outside a downtown Washington, D.C., McDonald’s recently, he bought the man a cheeseburger.

There’s nothing unusual about that, except that Richards is homeless, too, and the 99-cent cheeseburger was an outsize chunk of the $9.50 he had earned that day panhandling.
The generosity of poor people isn’t [...]

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Posted By
Posted 3 hours ago

As I am one of many out of work, I volunteer with several organizations in order to increase my experience and my network of contacts while continuing my search for employment.
I believe that if the government were to offer income tax deductions for those who volunteer it would benefit both volunteers [...]

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A tax tip from IRS.gov
When preparing to file your federal tax return, don’t forget your contributions to charitable organizations. Your donations could add up to a sizeable tax deduction if you itemize on IRS Form 1040, Schedule A.

Starting in 2007 to deduct any charitable donation [...]

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by Broderick Perkins and Lew Sichelman

LITTLE ROCK, AK — In what’s being labeled “financial apartheid,” a disproportionate number of minorities and low-income home owners are often steered to more expensive sub-prime mortgages, even when they can qualify for cheaper financing.
Released Nov. 14, “Separate and Unequal: Predatory Lending in [...]

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The IRS has reminded individuals and businesses making contributions to charity of important tax law changes made by the Pension Protection Act of 2006, including a new tax break for some IRA owners and new record-keeping requirements for taxpayers claiming a deduction for cash donations.
IR-2006-192
Tax Analysts Summary:
Recent Tax Law Changes May Affect People Giving to [...]

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By Michael Katz
Special to TheStreet.com
9/12/2007 10:41 AM EDT
Click here for more stories by Michael Katz

Whenever something of value changes hands, the Internal Revenue Service is usually going to want its cut.
But if you plan ahead and employ tax-smart strategies, you can make sure more of your wealth goes to your nephew Steve than to [...]

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