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4 bags of stuff, good condition
If you want to deduct your gifts to Goodwill or the Salvation Army, be specific. TaxGrrrl explains: When you make charitable contributions, you have to be somewhat specific on the receipt.
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What if you are donating it to an arson awareness organization?
If you want a great big deduction for allowing the local fire department to burn down your house, the Tax Court yesterday threw a fire blanket over your flaming hopes. The court ruled that a Wisconsin...
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Does the Tax Court hate cats?
Cat fanciers have had a tough time in Tax Court this year. Back in February a West Des Moines taxpayer lost business deductions attributable to her cat-ranching business. Now a California cat lover has...
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Facade fail?
When they work, a “facade easement” is the tax law’s version of having your cake and eating it too. A “facade easement” is an agreement between a property owner and a government or a non-profit to not...
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Being generous, but keeping the cash
The Wall Street Journal says taxpayer interest in property donations to charity is increasing: “Donors understand there’s more need now than ever, but they’re saying, ‘Don’t touch my liquidity,’ ” says...
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