Posts Tagged: IRS

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Nonprofit Talk: What’s the Difference Between a Public Charity & a Private Foundation

Since 1968, every Section 501(c)(3) organization is classified by the IRS as either a private foundation or a public charity. This classification is crucial for at least two reasons anyone considering forming a nonprofit and anyone considering making a significant donation to a nonprofit. First, private foundations are subject to much stricter regulations than public… Read more »

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Benefits of Smart Estate Planning: Avoiding Taxes and Fees

Estate planning can be a huge relief for you and your loved ones. A quality estate plan means a sense of security that your family and other important people in your life will be provided for at the time of your death. You’ve worked hard for what you have, but the saying is all too… Read more »

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Final Four: 4 AMAZING Tax Breaks for Iowans on Charitable Gifts

Phoenix, Arizona may have the Final Four, but Iowa has such generous tax benefits for charitable gifts. In fact, in Iowa, donors can receive four amazing tax benefits for charitable gifts. Your March Madness bracket may be busted already, but these benefits are ones you can bank on. Appreciated, long-term property For donors and potential… Read more »