IRS unveils new tool to search for charitable organizations
Are you looking for a worthy local charity or want to make sure your favorite nonprofit is in good standing? The IRS has published a new search tool that is designed to provide easier access to information on tax-exempt organizations. The new Tax Exempt Organization Search (TEOS) replaces the EO Select Check. The new tool […]
Size of charitable deductions depends on many factors
Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how much you’re allowed to deduct. Your deduction depends on more than just the actual amount you donate. Type of gift One of the biggest factors affecting your deduction is what you give: Cash. You may […]
From hospitals to movies, Ga. offers some unique tax credits
The state of Georgia is offering a couple unique opportunities to receive tax credits and at the same time do something positive for the local economy. Georgia Heart Hospital Program The first is the Georgia Heart Hospital Program, which is expected to continue at least through Dec. 31, 2019. Through this program, Georgia taxpayers can […]
Sparkmon & Associates donates care items to Ronald McDonald House
Sparkmon & Associates, CPAs, presented to members of the Atlanta Ronald McDonald House Charities Board of Directors this week donations of personal hygiene items, personal care items, snacks and other household goods for families staying at the Ronald McDonald House in Atlanta. Sparkmon & Associates, CPAs, has a long tradition of supporting the Ronald McDonald […]
Charitable giving from IRA now easier
Giving to charity just became a little easier for those over the age 70. The PATH Act of 2015 made permanent the popular Qualified Charitable Distribution (QCD), which allows those who are at least 70 ½ at the time of the transaction to make a Qualified Charitable Distribution of up to $100,000 directly from an […]