Income Tax

August 6, 2012

IRS Rules That Donations To Single Member LLCs Wholly-Owned By Charities Are Deductible

The IRS has issued a new notice which offers guidance regarding the deductibility of contributions made to a single member LLC that is wholly-owned by a […]
August 21, 2012

Tax Tips For Charitable Giving

Contributing money and property to a charitable organization is one of the ways that a taxpayer can support a charitable cause while simultaneously reducing their income […]
September 7, 2012

Church May Have Violated IRC By Endorsing Romney For President

St. Raphael Catholic Church of El Paso Texas appears to have violated the IRC by endorsing Mitt Romney in its bulletin.  “I am asking all of […]
September 12, 2012

IRS $104 Million Whistleblower Payment Should Make Foreign Account Holders Nervous

Bradley Birkenfeld, a former UBS AG bank executive, was instrumental in helping U.S. authorities expose tax evasion facilitated by the Swiss banking giant.  The information Birkenfeld […]