Beware of fake charities scams in wake of Hurricane Florence
When disaster strikes, many people feel moved to help their fellow citizens – either by physically pitching in to help with cleanup or by donating to various charities that can help distribute needed resources. Unfortunately, there are opportunists who see these circumstances as fertile ground for making a quick buck by exploiting peoples’ goodwill and […]
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 […]
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 […]
Six things to remember when donating to charity
Whether it’s sponsoring an event, contributing to a worthy organization or donating items to a charity, many people give throughout the year. But, there are several things to remember when it comes to tax time. First, in order to claim a charitable deduction on your tax return, you must do two things: Have a bank […]
Sparkmon & Associates team places first in Phoenix Pass golf tournament
Our Sparkmon & Associates, CPAs, team came in first place at the Phoenix Pass charity golf tournament held May 8 at Cherokee Run Golf Club in Conyers, Ga. There were 92 players and the organization that provides supportive housing for homeless women with children raised more than $20,000 from the event. The Sparkmon foursome included […]
Tax deductions for charitable giving require documentation
How much did you donate to charity last year? Can you prove it? In order to take all the charitable contributions you are due on your taxes each year, you must provide documentation of the amount donated and to which organization. The rules vary based on the type of donation – cash, in-kind, property, securities, […]
A night of charity and cheer
Sparkmon in the news
Local newspaper, eMetro Times, picked up coverage of Sparkmon & Associates, CPAs, donation of Christmas items to the Atlanta Ronald McDonald House Charities. We are happy to share the good news!
Making holidays a little happier at the Ronald McDonald House
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Defer your income by delaying distributions from IRAs
Sometimes it’s OK to delay the inevitable. Generally, once you reach age 70½ or if you inherit someone else’s IRA or qualified retirement plan account, there are strict rules that require you to begin taking Required Minimum Distributions (RMDs) from the account. However, there are various ways to delay or defer the RMDs, thereby allowing […]