HOW YOU CAN MAKE SURE YOUR DONATIONS ARE TAX DEDUCTIBLE

It’s that time of year when taxpayers are thinking about how they want to give back.  Many taxpayers will want to donate to a charity that means something to them.  The IRS has a tool that may help you make sure your donations are as beneficial as possible.

Tax Exempt Organization Search on IRS.gov is a tool that allows users to search for tax-exempt charities.  You can use this tool to determine if donations you make to an organization are tax-deductible charitable donations.

 

Here are some things to know about the TEOS Tool:

  • It provides information about an organization’s federal tax status and filings.
  • It’s mobile device friendly
  • Donors can use it to confirm that an organization is tax-exempt and eligible to receive tax-deductible charitable contributions.
  • Users can find out if an organization had its tax-exempt status revoked.
  • Organizations are listed under the legal name or a “doing business as” name on file with the IRS.
  • The search results are sortable by Name, Employee Identification Number, State and Country.
  • Users may also download entire lists of organizations eligible to receive deductible contributions, auto-revoked organizations and e-postcard filers.

 

 

You can also use the Interactive Tax Assistant, Can I Deduct my Charitable Contributions? To help determine if a charitable contribution is deductible.  https://go.usa.gov/xp5yB

VETERANS, SERVICE MEMBERS, AND FRAUD

When people report scams to the FTC, we learn a lot about how they experience fraud. These fraud reports are important for law enforcement and education efforts. And, as more and more people report fraud, the data can tell a more detailed story about specific groups...

HAS YOUR BUSINESS BECOME THE VICTIM OF A SECURITY BREACH?

It is almost impossible to be a business and not collect personal identification information – names, addresses and Social Security numbers etc,. about your customers or employees. If this information is lost or stolen, it could put these individuals at risk for...

WHAT YOU CAN DO TO FEND OFF HACKERS

Your personal information is very valuable. That’s why hackers try to steal it.  Here are some tips to help you keep your personal information from ending up in the hands of a hacker.   PROTECT YOUR PHONE Let’s start with protecting the data on...

5 Accounting Mistakes To Avoid With Your Business

Accounting mistakes can really put a hold on your small business and put it on shaky ground. Mistakes are common, unfortunately they happen more often with new and young businesses. Edge Tax Accounting in Prescott would like to bring you these 5 accounting mistakes to...