Archive for July, 2016

July 2016 Nonprofit Newsletter

Satisfying Personal Pledges through Donor Advised Funds and Private Foundations With the recent growth of donor advised funds (“DAF”) and the use of private foundations (“PF”) as an estate/tax planning tool, donors are tapping into

READ MORE

Posted In: Alerts & Advisories

Tax Alert-Should you make a “charitable IRA rollover” in 2016?

Last year a break valued by many charitably inclined retirees was made permanent: the charitable IRA rollover. If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your

READ MORE

Posted In: Alerts & Advisories

Tax Alert- To deduct business losses, you may have to prove “material participation”

You can only deduct losses from an S corporation, partnership or LLC if you “materially participate” in the business. If you don’t, your losses are generally “passive” and can only be used to offset income

READ MORE

Posted In: Alerts & Advisories

Tax Alert- There’s still time for homeowners to save with green tax credits

The income tax credit for certain energy-efficient home improvements and equipment purchases was extended through 2016 by the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act). So, you still have time to

READ MORE

Posted In: Alerts & Advisories

Fraud Alert: IRS Warns of Scams

IRS Warns of Scams The IRS has recently issued warnings about two scams that are being used in order to try and obtain personal information from taxpayers. One of the recent scams involves IRS impersonators

READ MORE

Posted In: Alerts & Advisories