Charitable Giving Information

Deduct It! Deduct It! For Tax Year 2008

Deduct It! Deduct It! is updated each year to document your non-cash charitable donations for use on your individual tax return (Form 1040 Schedule A). Fair Market Values are researched across the country in used clothing stores, thrift shops, online, and other methods. Our program meets all IRS regulations and is designed for you to document your donations as you’re boxing them up. All you may need is a calculator at year-end to add up your tax savings!

About the Author

Bert Whitehead, MBA, JD is a fee-only personal financial advisor and tax attorney. He began his career in 1972, pioneering the Cambridge system, a holistic approach that helps everyday people manage their financial lives. His firm specializes in individual tax returns and we’ve utilized their extensive knowledge in the U.S. tax law in the development of this book. Carol Johnson, RP(sm) is the Operations Director of Bert’s tax practice and is a Registered (financial) Paraplanner through the College of Financial Planning. She holds several certificates in ISO and Six Sigma, and is the development, research, and detail person behind Deduct It! Deduct It!

This authoritative guide presents in-depth discussions on such hot topics as the timing of charitable deductions, estate and gift tax considerations, special property rules, and planned giving. Packed with practical tips and hard-to-find advice, Charitable Giving Law Made Easy sheds light on complex legal issues concerning charitable giving with plain-language explanations of laws and regulations for non-legal professionals.

From the Inside Flap

Comprehending the legal implications of the making of charitable contributions can be confounding as well as financially detrimental if the rules are not followed. Written for everyone from nonprofit novices to sophisticated directors of established organizations, Charitable Giving Law Made Easy assists non-lawyers through the nonprofit, tax-exempt organizations, charitable giving maze.

Author Bruce Hopkins—a leading authority on tax-exempt organizations— offers plain-language explanations of the definition of a charitable gift, the percentage limitations, rules as to gifts of property, planned giving, and the substantiation and appraisal requirements that apply to nonprofit organizations.

Several recent developments have drastically affected charitable giving law, including a congressional enactment of major charitable giving legislation, ambitious regulations and rulings projects by the IRS, and court contributions to the law. Charitable Giving Law Made Easy addresses these issues with the insight of the author’s world-class experience.

Covering everything you need to know to navigate the complex web of charitable giving law issues, this expert guide explores:

• Contributions of money and property
• Deduction percentage limitations
• Unique charitable giving situations
• Planned giving techniques
• Administration of charitable giving programs
• And much more!

Written by a lawyer for non-lawyers, Charitable Giving Law Made Easy demystifies the rules and regulations surrounding gifts to charitable organizations and provides legal novices with a useful understanding of charitable giving law.