The Qualified Appraiser
Article: The Qualified Appraiser Category: Charitable Donations Within the industry of personal property appraisal production, many brilliant individuals utilize conservative and accurate valuation and set the standard for the industry. Unfortunately, like any financial sector, there is the potential for abuse. These abuses are typically one of two types and often a combination of both. […]
Read MoreNon-Monetary Charitable Contribution Deduction
Article: Non-Monetary Charitable Contribution Deduction Category: Charitable Donations An individual can deduct the Fair Market Value of deconstructed materials and/or personal property on the 1040 Schedule A—Itemized Deductions A corporation can deduct the Fair Market Value of deconstructed materials and/or personal property as a deduction on their 1120 return. In either deduction scenario, a donor […]
Read MoreTax Season 2021 Recap-Relevant Tax Issues And How To (Hopefully)
Article: Tax Season 2021 Recap-Relevant Tax Issues and How to (Hopefully) Category: 1040 income tax, Charitable Donations, Itemized deductoins Jessica I. Marschall, CPA, President Marschall Accounting Services LLC August, 2022 One: What Went So Wrong with Federal Withholdings? Were you in for a huge shock when you finished taxes and owed a huge debt to […]
Read MoreTax Court Disallows a Charitable Donation on a Technicality
Article: Tax Court Disallows a Charitable Donation on a Technicality Category: Charitable Donations Jessica I. Marschall, CPA, ISA AM, AAA Associate Member President & CEO Marschall Accounting Service, The Green Mission Inc., and Probity Appraisal Group August 15th, 2022 The US Tax Court has delivered yet another loss of a non-cash charitable contribution, this time […]
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