Charitable Giving

Practice

Heart Smart: Firm's Giving Is Grassroots Employee Effort

For many accounting firms today, charitable giving is simply a daily part of doing business, as CPAs increasingly look to firm leadership to provide an outlet for their natural inclination to give back.
Education & Careers

Making Dreams a Reality: Beta Alpha Psi Hosts Annual Meeting

What better place to encourage people to make dreams a reality than at the very doorstep of Disneyland Park in Anaheim, California. That's where BAP will host its 2013 Annual Meeting.
Tax

Last Shot at IRA Gifts to Charity for '12

The IRS is reminding senior citizens of an eleventh-hour reprieve granted by the American Taxpayer Relief Act. Older individuals can still pull off a tax-free, IRA-to-charity transfer of funds, but only if they act by January 31.
Education & Careers

Rochester CPAs Raising Funds to Build Habitat Home

Most people kicked off the New Year vowing to get fit or eat healthy. But members of the Rochester NYSSCPA started off the year with a much more altruistic goal – to raise $75,000 for a Flower City Habitat for Humanity home.
Tax

Thoughts on Charitable Giving

Charitable contributions – whether of the cash or noncash variety – are as much a part of year-end tax planning as Form 1040. However, the rules governing the deductibility of charitable contributions are not quite as simple as most taxpayers assume them to be.
Education & Careers

Firms Extend Helping Hand After Hurricane Sandy

Accounting firms along the East Coast were impacted by Hurricane Sandy and so were their clients. Many are now going the extra mile to help employees and their communities.
Tax

IRS Issues 'Storm Warnings' to Taxpayers

The IRS has sounded alarms of a slightly different nature than the ones issued by meteorologists earlier this month: A nationwide call for taxpayers to avoid scams in the wake of Hurricane Sandy.
Tax

IRS Offers Trade-off to Help Hurricane Victims

The power still may be out for hundreds of thousands of residents in areas devastated by Hurricane Sandy, but at least the IRS is giving business people around the country another opportunity to help victims out.
Education & Careers

HORNE Celebrates 50 Years with $50,000 Charity Award

HORNE, who opened its doors in 1962, just celebrated its 50th anniversary. As part of the celebration, the firm announced the winner of its "$50,000 for 50 Years" contest.
Tax

Angel Albert Pujols Living in Tax Hell

Chances are, even greatly higher taxes won't tarnish the halo that comes with a ten-year, $254 million contract to play for the Angels. No matter where he plays, with a salary like that, Albert Pujols will pay the highest rate.
Community News

HORNE LLP's $50,000 for 50 Years Contest

HORNE LLP has announced the five finalists in its “$50,000 for 50 Years” charity donation contest. Finalists will participate in an online vote set to open August 27.
Tax

New Online Tool for Donors Offers Peace of Mind

The IRS has announced that is making it easier for taxpayers and tax return preparers to do their due diligence on tax-exempt organizations. It has launched a new online tool, Exempt Organizations Select Check (EO Select Check), that provides all the important information in one location (IR-2012-34).
Community News

KPMG and Phil Mickelson Partner to Kick-off 'Blue for Books' Campaign

KPMG LLP and golf champion Phil Mickelson have paired to launch "Blue for Books," a nationwide charitable initiative designed to put thousands of books into the hands of children in need, through the sale of KPMG blue golf hats, just like the KPMG hat that Mickelson wears on tour.
Community News

Citrin Cooperman's Philadelphia Office Embodies the Spirit of Giving

In 2011, the professionals and staff at Philadelphia accounting, tax, and business consulting firm, Citrin Cooperman, supported four organizations with chapters in Philadelphia: Philabundance, Toys for Tots, One Warm Coat, and the Juvenile Diabetes Research Foundation (JDRF) Walk to Cure Diabetes.
Tax

Charitable Rollovers Are Set to Fall off the Table

Unless Congress takes action soon, on December 31, 2011, a unique tax break for senior citizens will be wiped off the books. This tax law provision - the Pension Protection Act of 2006 - allows qualified taxpayers to "roll over" funds tax-free from an IRA to a charity.
Tax

Jeter baseball fan catches bad tax advice

Christian Lopez, the 23-year-old baseball fan who returned Yankees' Derek Jeter's 3,000th career hit ball to the player, received swag and tickets for his generosity. But what would have happened if Lopez had sought some sage tax advice before being so quick to act?
Tax

IRS recognizes Japan disasters but warns taxpayers about non-deductibility of contributions

The Internal Revenue Service has issued guidance that designates the earthquake and tsunami in Japan in March, 2011 as a qualified disaster for federal tax purposes.
Tax

Japan disaster provides proving ground for IRS tax scams

In the aftermath of the recent catastrophes in Japan, the tremendous generosity of average Americans will once again be in full swing. Scammers are well aware of this.