Be a responsible, smart donor

With Hurricane Sandy and the devastation left in its wake, many people may be wondering how they can help those in need. Often, cash is the most immediate need and helpful resource. Here are a few tips and resources to make sure you’re giving responsibly.

  • Research the charity to whom you’re giving money – make sure your donation is going to a reputable organization that will be a good steward of your gift.
  • Be sure you’re giving what’s actually needed – call ahead to see if the charity needs physical items and specify which kind. Make sure your gift will be used.
  • Keep your receipts! All properly-designated charities are required to give you a receipt for donations. Be sure to keep track of these for your CPA at tax time.

See the websites below for more information on responsible giving!

Article from Time.com “How to Find the Best Charities

Look up nonprofit reports at www.guidestar.org

Want your donation to help with a disaster? See the National Voluntary Organizations Active in Disaster’s website!

In accordance with IRS Circular 230, this newsletter is not to be considered a “covered opinion” or other written tax advice and should not be relied upon for IRS audit, tax dispute, or any other purpose.

On October 31, 2012, posted in: Tax & Accounting Tips by