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If I donate a rental property to charity can I deducted the
If I donate a rental property to charity can I deducted the fair market value? If yes How old can my professional appraiser report be? … read more
Mark D
Mark D
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I have a client who made no income in 2014 except Alaska
I have a client who made no income in 2014 except for an Alaska Permanent Fund Distribution of $1900. She was out of the country on an extended vacation of sorts. She also may have made a donation to … read more
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A client of mines relative was here on a student visa and
A client of mines relative was here on a student visa and died. They want to create a memorial fund. Can we open a memorial fund bank account? Do we need a Tax ID to open a memorial fund bank account?… read more
emc011075
emc011075
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My church is frequently asked by community groups if they can
My church is frequently asked by community groups if they can use our space for meetings or banquets. Recently a non-profit group asked to hold a fundraiser on site where proceeds would go to their gr… read more
Lev
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I have a new client who is a missionary from Jordan. He does
I have a new client who is a missionary from Jordan. He does contract work in America for a fee but send a percentage of it to Jordan to his home mission church. He is having to pay self employment ta… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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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
NPVAdvisor
NPVAdvisor
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Can I deduct the value of my rental home if I donate it to
Can I deduct the value of my rental home if I donate it to my church? Also if so can I do a carry back for part of the value? My income is mostly capital gains .… read more
keeperumiami
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Our United Methodist Church was in a joint charge with another
Our United Methodist Church was in a joint charge with another church. The other church closed in June 2011. Before it closed, the church transferred via a non-taxable deed transfer a parsonage to our… read more
RLWEA
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Re: Tax questions #1: If somebody purchases a home used
Re: Tax questions #1: If somebody purchases a home used for personal use and puts a large down payment of appx $120K and several years later loses the home due to forclosure since value of home was 50… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I donated a stair lift that was in brand new condition in the
I donated a stair lift that was in brand new condition in the home we just bought. Donated to a church. In turbo tax it is asking if this is donation cost or basis-1? How do I decide? I claimed much l… read more
Lev
Lev
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I donated the use of a rental house that we own to our local
I donated the use of a rental house that we own to our local church to temporarily house homeless church members for one year> Can I deduct the value of this donation on my income tax return?… read more
jgordosea
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I thought I entered my question. There is an elderly friend
I thought I entered my question. There is an elderly friend of mine in our community that has a Lowrey organ-Director Model LC/35 that she donated to a church choir. She does not know what amount to p… read more
BK-CPA
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I would like to donate the inventory worth $21000 of my closed
I would like to donate the inventory worth $21000 of my closed store to a church. what are the tax advantges to doing this?… read more
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My husband has been very ill and on disability for several
My husband has been very ill and on disability for several years. This past summer, our church raised over $35,000 to help send us to Los Angeles (we live in Portland) for him to have surgery at USC U… read more
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A familys ancestors donated a new Steinway grand piano to
A family's ancestors donated a new Steinway grand piano to a church decades ago. Now membership in the 127-year old church has shrunk and it is closing. The church intends to pass its good usable poss… read more
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I always give my church offering in cash and do not have ...
I always give my church offering in cash and do not have any record of what I gave. I understand that the government has required proof of these donations. How can I still get a tax deduction for my c… read more
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I have precious gemstones I wish to donate to a ...
I have precious gemstones I wish to donate to a church or university. How does the IRS treat such items for tax writeoff? Do they use 50% of the appraised value, or the actual value paid for the gemst… read more
Lev
Lev
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Bachelor's Degree Equivalent
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As senior citizens our combined income was $19,244; ...
As senior citizens our combined income was $19,244; however, our contributions (donations $8,218.92) totalled $26,383 (In addition we gave away a livable mobile home to use for charity in Mexico and h… read more
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