Some philanthropic donors may be promising to give a lot of money to charity in order to get a nice tax break–but ultimately not delivering on the cash. The trick is the use (or perhaps abuse) of ...

On September 16, 2015, the Internal Revenue Service (IRS) issued proposed regulations to provide an alternative method for substantiating charitable contribution deductions. In connection with these ...

Are political donations tax deductible? Find out what the IRS allows, plus where state-level exceptions may apply. Read on ...

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