Non cash charitable tax change I propose, your thoughts.

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • Burke
    Senior Member
    • Jan 2008
    • 7068

    #16
    Originally posted by FEDUKE404
    ( "Defectus tuus consilium carpere discrimen mihi non constituit." ) FE
    Well, that challenged my one year of high school Latin in the 9th grade, but I got it. AMEN.

    Comment

    • Burke
      Senior Member
      • Jan 2008
      • 7068

      #17
      Originally posted by Uncle Sam
      Would you like to work for Goodwill to have the job of valuing every item that comes in?
      Including underwear and socks?.
      Well, they don't allow a deduction for underwear and socks anymore. See TTB 4-2. I just noticed I seem to say "well" a lot. Sort of like the political wags who are always saying "Look,...."
      Last edited by Burke; 04-15-2011, 11:14 AM.

      Comment

      • Lion
        Senior Member
        • Jun 2005
        • 4699

        #18
        Goodwill

        I give them the Goodwill list I downloaded from their website and copied, since Goodwill is the most common around here. But, I also have handy copies of TTB list and Salvation Army's.

        Goodwill is going to put a price tag on each item, or toss it, anyway. So, if clients included a list with their donations, and a stamped/self-addresses envelope, Goodwill or any charity could provide them with a price list for tax purposes. If the client doesn't provide the charity a list, then no deduction if I were Queen of the IRS.

        And, who ever tells us the purchase price and date?!

        Comment

        • RitaB
          Senior Member
          • Jul 2008
          • 1382

          #19
          Yeah!

          Originally posted by Burke
          Well, that challenged my one year of high school Latin in the 9th grade, but I got it. AMEN.
          Well, (get it?) that expression is fairly common: "Defective consignment carpet does not constitute a legitimate non-cash contribution."

          Plus, ninth grade was what? ten years ago? Don't start writing prescriptions or anything. ;-)
          If you loan someone $20 and never see them again, it was probably worth it.

          Comment

          • Burke
            Senior Member
            • Jan 2008
            • 7068

            #20
            Hey, I've been practicing for years at mass. And I just remembered, it was actually 2 years. I didn't do nearly so well the second year, though.

            Comment

            • AZ-Tax
              Senior Member
              • Feb 2008
              • 2604

              #21
              Lion I vote you Queen of the IRS....

              Originally posted by Lion
              I give them the Goodwill list I downloaded from their website and copied, since Goodwill is the most common around here. But, I also have handy copies of TTB list and Salvation Army's.

              Goodwill is going to put a price tag on each item, or toss it, anyway. So, if clients included a list with their donations, and a stamped/self-addresses envelope, Goodwill or any charity could provide them with a price list for tax purposes. If the client doesn't provide the charity a list, then no deduction if I were Queen of the IRS.

              And, who ever tells us the purchase price and date?!
              Even though I dont know your gender

              Comment

              • RitaB
                Senior Member
                • Jul 2008
                • 1382

                #22
                She rocks

                Originally posted by AZ-Tax
                Even though I dont know your gender
                She is RitaL. Is that a cool name or what? Yes, she SHOULD be queen...
                If you loan someone $20 and never see them again, it was probably worth it.

                Comment

                • Lion
                  Senior Member
                  • Jun 2005
                  • 4699

                  #23
                  Not Gender Confused

                  Yeah, I'm RitaL. You probably think I should be Lioness instead of Lion. But, Lion was an old nickname from around high school that I still use for things (my college sorority symbol was a lion, too). My middle name is Liane, pronounce like Diane with an L but was usually mispronounced like Lee-Ann. So, my friends that knew started using Lion and it stuck for awhile. I like it and use it from time to time, such as on message boards. And, I do use it when I want to remain gender neutral !! But, you folks have heard my highs and lows and many of you know I'm an old gray-haired woman.

                  Comment

                  Working...