November 30, 2014

While the end of the year is fast approaching, it’s still not too late to make some year-end charity donations for 2014. If this is something you are considering doing, however, here are some important IRS tax tips to keep in mind to ensure that you get the most benefits from your donations and that you don’t end up making mistakes that could get you audited (or in other trouble with the IRS).

Tip 1 – Make sure you donate to a qualified charity.

Will you be making a charitable donation before 2014 ends? If so, here are some helpful IRS tax tips to keep in mind. Call us if you need help with any tax issues.

Will you be making a charitable donation before 2014 ends? If so, here are some helpful IRS tax tips to keep in mind. Call us if you need help with any tax issues.

If you want your year-end charity donations to be tax deductible for 2014, then you need to make sure that your donations are going to a qualified charity. The IRS has developed a specific tool that allows people to search whether certain organizations are qualified charities (if you are unsure and want to double check this).

While most major, well-known charitable organizations (like, for instance, the Salvation Army) are considered to be qualified charities, so too are:

  • Many churches, temples, synagogues and mosques
  • Some government agencies.

Tip 2 – Be sure to make your donation before 2014 officially ends.

While this IRS tax tip may go without saying, it’s still important for people to be aware of it. The fact of the matter is that, if you want your gifts to charity to be tax deductible for 2014, then your donation must be made on or before December 31, 2014. Here, however, it’s important to point out that:

  • Charges to your credit card that are for charitable purposes can count as 2014 charitable deductions as long as the charge is made in 2014 (and regardless of whether you end up paying this charge in 2014 or 2015)
  • Mailed checks can also count as charitable donations for 2014 as long as these checks are mailed in 2014 (i.e., are postmarked on or before December 31, 2014).

For our continued discussion regarding IRS tax tips for year-end charity donations, be sure to check out the second part of this blog series that will be published in early December!

Denver Tax Law Attorney at Goldman Law, LLC

If you are dealing with any tax issue, don’t try to resolve this issue on your own. Instead, contact a trusted Denver tax law attorney at Goldman Law, LLC. Our lawyers are ready to stand up for your rights and help you resolve your tax issues as favorably as possible.

At Goldman Law, LLC, we know how distressing audits and other tax issues can be, and we also know how to stand up to the IRS and effectively protect our clients to ensure they are able to obtain the best possible outcomes to their cases. In addition to providing aggressive, superior representation when it comes to facing the IRS officials, our Denver tax audit lawyer also can be counted on to:

  • Provide each of our clients with personalized attention
  • Clearly explain the issues and laws affecting their cases
  • Advise them of their best options for resolving their case.

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To receive a professional case evaluation, contact us by calling (303) 656-9529 or by emailing us using the contact form on this page. From our offices in Denver, we serve clients throughout Colorado.

Categories: Blog, IRS, Tax Tips