Charitable deductions

Syndicated conservation easement deals cheat the IRS out of an estimated $250 million by overvaluing deductions.

Since last tax season, many clients have reassessed their charitable giving.

Holders of donor-advised funds increased their disbursements last year in response to urgent demands for greater charitable contributions to cope with the COVID-19 pandemic.

Contributions made through the crowdfunding platform can often fall into a gray area.

DAFs offer tax advantages, legacy planning options and flexibility that other giving vehicles can’t.

The Internal Revenue Service is reversing course on the automatic revocation notices that it sent to more than 30,000 tax-exempt organizations.

Democrats on the House Ways and Means Oversight Subcommittee want the agency to reverse the automated revocation of status for tens of thousands of nonprofits.

Businesses can generate tax benefits from unwanted stock.

Depending on the economy and the election, they could be on the chopping block as soon as 2021.

The Internal Revenue Service has released a draft version of the Form 1040 for tax year 2020 with several significant changes probably in store for next tax season.