Tis’ the season for making your final charitable contributions for the year and helping out your community at the same time. If you are going to make only one contribution this year, I would highly suggest contributing to Oregon’s Individual Development Account (IDA) Initiative.
With a normal charitable contribution, you get an itemized deduction on the [...]
Posts Tagged ‘charitable contributions’
Oregon IDA Tax Credit
Posted in Individual Tax, Oregon Income Tax, Tax Tips, tagged 715 addition, 715 tax credit, charitable contributions, IDA, Individual Development Account Initiative, OR IDA credit, Oregon tax liability, year end tax planning on December 16, 2008 | Leave a Comment »
The IRS Does Not Value Your Time
Posted in Corporations, Partnerships and LLCs, S-Corporations, Sole Proprietorships/SMLLCs, Tax Tips, tagged charitable contributions, donated services, donated time, services provided to non-profits, tax deductions, Tax Tips on July 29, 2008 | Leave a Comment »
This is a simple tax issue but surprisingly one that I get a lot of questions on. Here is the common scenario…
I get a call from a small business owner who recently provided their services to a school at no cost as a “charitable contribution” (or at least in their mind). The question is always [...]
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