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Disaster Relief
IRS Special Assistance for Gulf Oil Spill Victims
IRS Special Edition Tax Tip 2010-09
The Internal Revenue Service stands ready to help individuals and businesses affected by the oil spill in the Gulf of Mexico.
IRS Taxpayer Assistance Centers in several Gulf Coast cities will be open Saturday July 17 to provide help to taxpayers dealing with tax issues as a result of the [...]
Four Tips on Preparing for a Disaster
IRS Summertime Tax Tip 2010-03
Planning what to do in case of a disaster is an important part of being prepared. The Internal Revenue Service encourages taxpayers to safeguard their records. Some simple steps can help taxpayers protect financial and tax records in case of disasters.
Listed below are tips for individuals on preparing for a [...]
Be Aware of Scams!
I just shared with you facts about deducting your charitable donations on your income taxes, now lets take a step back. Tragic disasters like the earthquake in Haiti can bring out the best and the worst in people. While many people want to volunteer or contribute money to the Haitian relief effort, others [...]
10 Facts About Claiming Donations Made to Haiti
If you are donating to charities providing earthquake relief in Haiti, you may be able to claim those donations on your 2009 tax return. Here are 10 important facts the Internal Revenue Service wants you to know about this special provision.
A new law allows you to claim donations for Haitian relief on your 2009 tax [...]
News You Can Use Roundup Jan 22, 2010
This Week in News & Information:
Senate votes for faster tax breaks for Haiti gifts Charitable donations made for Haiti earthquake relief through the end of February 2010 will be deductible on 2009 tax returns under a bill that received final congressional approval Thursday.
Unusual Job Perks From farmers markets to artists in residence, here [...]
News You Can Use Roundup Jan 15, 2010
This Week in News & Information:
Your Tax Outlook The next two years will see enormous tax policy changes in the United States that are going to have broad implications for how you save and invest — and how much of your money you get to keep.
Haiti Earthquake A massive 7.0 magnitude earthquake [...]
Are My Earthquake Relief Donations Deductible?
Many people may wish to contribute to relief funds for the victims of Haiti’s recent earthquake.
Contributions to domestic, tax-exempt, charitable organizations that provide assistance to individuals in foreign lands qualify as tax-deductible contributions for federal income tax purposes, provided that the U.S. organization has full control and discretion over the uses of such funds. [...]