On the day of the Preakness: What about a gift horse?

TAX CONSEQUENCES OF THE GIFT OF YOUR HORSE TO CHARITY Introduction Today the Preakness is being run, so what about a gift horse? You could sell your horse and donate the proceeds; then we’re talking about a cash gift. But if you’ve owned…

Six easy ways public radio, or any nonprofit, could raise more money

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I love National Public Radio and Iowa Public Radio. Wait, let me amend that:  I LOVE NPR and IPR! NPR and IPR provide the soundtrack to our lives. I'm a constant listener, Monica even more so. On this date in 1971 -- May 3 -- the afternoon…

The Kentucky Derby was run today: what are the tax consequences of the gift of your horse to charity

Introduction You could sell your horse and donate the proceeds; then we’re talking about a cash gift. But if you’ve owned the horse more than two years, the horse could be treated as a long-term capital asset. [Generally speaking, you only…

Substantiation of gifts of $250 or more, tax tip 5/365

Happy Monday to all. Here's a new tax tip. A gift to a qualified charitable organization may entitle you to a charitable contribution deduction against your income tax. But there are record keeping requirements to claim the charitable deduction. Substantiation…

Short video clip: charitable giving & saving taxes

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Here's me on WHO-TV talking about charitable giving and saving on taxes: http://whotv.com/2015/04/14/tax-tips-for-2015/ Video clip is only about 4 minutes. Watch and enjoy.

Corridor Business Journal: give more, give smarter

Make your gift count! Excellent article, thanks to the Corridor Business Journal. The article does feature Gordon Fischer Law Firm, P.C. C-c-c-check it out: http://www.corridorbusiness.com/news/making-your-gift-count/