November 30, 2015
On November 25, the Internal Revenue Service published "Tips from IRS for Year-End Gifts to Charity."
The goal was to remind "individuals and businesses making year-end gifts to charity that several important tax law provisions have taken effect in recent years."
IR-2015-134 provides key guidance about:
- Rules for Charitable Contributions of Clothing and Household Items
- Guidelines for Monetary Donations
- Qualified Charities
- Year-end Gifts
- Itemize Deductions
- Record Donations
- Special Rules
Nexsen Pruet's Tax Team consists of business attorneys, litigators and a former IRS District Counsel. They help businesses and individuals understand and comply with complex tax rules and strategically plan to minimize tax burdens.