Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
If I donate books to a library and they keep some and sell
If I donate books to a library and they keep some and sell some at their annual book sale, may I take a tax deduction for all of the books I donated or just those that the library adds to their collec… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,595 satisfied customers
a tax exempt church wants to set up thrift store to serve low
a tax exempt church wants to set up thrift store to serve low income clients, the store would receive donations of items including clothing, dishes, coats, shoes, etc the plan is to as for suggested d… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,595 satisfied customers
I have made 1500 noncash contribution and have salvation Army
I have made 1500 noncash contribution and have salvation Army receipt . Do I need to get a letter from charity confirming non cash donation and estimated value of donation?… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
6,636 satisfied customers
I have donated various items of value to non-profit organizations,
I have donated various items of value to non-profit organizations, such as Goodwill, The Salvation Army and Habitat for Humanity resale store throughout the year. I have kept detailed, itemized reciep… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 satisfied customers
Id like to give away lots of clothes away to Goodwill. These
I'd like to give away lots of clothes away to Goodwill. These are really expensive designer shirts, jeans, suits, and so on. I was reading the Googwill valuation guide (which they claim are only "esti… read more
Angie
Angie
Accountant, Office Manager
288 satisfied customers
Charitiable non cash deductions....I have a client who has
Charitiable non cash deductions....I have a client who has a lot of clothing that was bought from high end stores that were given to the Salvation Army and Good Will, most with tags still on them as s… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
we also have 3 receipts from goodwill referencing bags of clothes(there
we also have 3 receipts from goodwill referencing bags of clothes(there are 9 bags) a car seat, and a large bag of shoes which were given to goodwill and are on receipts from Goodwill. these items are… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I am a sole proprietor of a small online antique sales business.
I am a sole proprietor of a small online antique sales business. I buy items at estate sales and auctions. I often buy a box of lots of junk to get one valuable item in the box. I then donate the junk… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
The IRS requires you to enter the date you acquired the items
The IRS requires you to enter the date you acquired the items and the amount you paid for them on Form 8283. But if I did a major clean-house and took a HUGE amount of stuff - a few thousand dollars w… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
I am trying to complete IRS Form 8283. On 2 separate occasions
I am trying to complete IRS Form 8283. On 2 separate occasions I donated a lot of household items to Goodwill. I have a list of what I donated and I believe the first group's cost was around $6,000 an… read more
Stephanie B.
Stephanie B.
Accountant
Master's Degree
556 satisfied customers
A 501C3 organization runs a Thrift Shop. Donations are given
A 501C3 organization runs a Thrift Shop. Donations are given a tax deductible letter to give their accountant on April 15th. Question is about customer who buys from this Thrift Shop writing a check m… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
I earn 48,000 dollars a year. I am currently donating my suits
I earn 48,000 dollars a year. I am currently donating my suits and other clothing items to Goodwill Charities.They give me receipts for my donations which I fill out.This year I will donate inexcess o… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I donated various items to the Goodwill and Salvation Army.
I donated various items to the Goodwill and Salvation Army. I have receipts from them, but no pricing. Do you have a list of what a blouse, skirt, jacket, kitchen table, china cabinet, etc. etc. shoul… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
In preparing my 2008 tax return, I donated lots of items to
In preparing my 2008 tax return, I donated lots of items to the salavation army. They came to my house and picked up the items, and gave me a slip, that merely indicates how many bags/boxes of items I… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I want to donate several thousand dollars of my business inventory
I want to donate several thousand dollars of my business inventory for the tax writeoff. What are the rules and regulations? I own a china shop.… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,803 satisfied customers
We will be selling a house this year which was inherited a ...
We will be selling a house this year which was inherited a few years ago. We are disabled and generally have little income, and therefore do not itemize deductions. This year we will have income from … read more
Lou
Lou
High School or GED
272 satisfied customers
In 2006 a business took a $12 million tax credit ...
In 2006 a business took a $12 million tax credit on donating used mattresses. We took the tax credit at the price we are selling the new mattresses for. How do we find FMV on mattresses that were only… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
I cleaned out 3 closets and have a lot of really nice, nice ...
I cleaned out 3 closets and have a lot of really nice, nice clothes that I want to donate to Goodwill, Salvation Army, etc. for 2007, deductions: Is there a limit as to how much you can give to any ON… read more
Matt Kesler
Matt Kesler
Business Owner/Law Student
Doctoral Degree
1,646 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x