(855) Marcum1 | FOLLOW US           
Marcum LLP
  • EVENTS
  • OFFICES
  • CAREERS
  • SUBSCRIBE  
  • 中文
Marcum LLP
Insights

Tax Flash

 

In This Edition

Charitable Contributions to Disaster Victims

Contributors: Diane Giordano, Partner, Tax & Business

Share:

As a result of the significant tragedy facing Japan, many Americans are anxious to help out by making contributions to organizations offering assistance. Those making donations must keep in mind that contributions to foreign organizations are not deductible, and to get a tax benefit for making a charitable contribution, taxpayers must itemize their deductions on Schedule A for the year in which they made the contribution.

In a bulletin dated March 14, 2011, the IRS lists some simple steps that taxpayers can take to ensure that their contributions go to qualified charities. Specific charities can be verified by doing a search on www.irs.gov . Keep in mind that certain organizations, like churches or governments, may be qualified even though they are not listed on the IRS website.

To learn more about donations for Japan relief, click here.

Should you have any further questions about charitable donations, contact your Marcum Tax Professional.

 
Contributors
Diane Giordano

Partner
Tax & Business
Melville, NY
 
 
HAVE A QUESTION? ASK MARCUM
 
STAY IN TOUCH.

SIGN UP TODAY FOR MARCUM'S NEWSLETTERS.

ABOUT MARCUM LLP

Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.

Learn More

CONNECT WITH US
               
OFFICES

Headquarters
750 3rd Avenue, 11th Floor
New York, NY 10017

Find an Office

(855) MARCUM1
info@marcumllp.com

FOUNDATION

Marcum Foundation

AFFILIATIONS

Leading Edge Alliance

DOWNLOAD THE MARCUM ON THE GO APP

© 2016 Marcum LLP. All Rights Reserved.
Privacy | Legal | Sitemap