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The Internal Revenue Service and the courts have been very active this year in the charitable arena. There have been informal reports of increased audit activity by the IRS, and the public record shows a sample outcome of those audits. The authorities have denied tax benefits to donors who mostly had the best of intentions, but were missing some key component required for deductibility or tax-exempt

Laura H. Peebles

November 1, 2011

5 Min Read
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Laura H. Peebles, tax director in the Washington, D.C. office of Deloitte Tax LLP

The Internal Revenue Service and the courts have been very active this year in the charitable arena. There have been informal reports of increased audit activity by the IRS, and the public record shows a sample outcome of those audits. The authorities have denied tax benefits to donors who mostly had the best of intentions, but were missing some key component required for deductibility or tax-exempt status. In the interest of avoiding problems for you and your clients, here's a survey of some frequent problem areas.

Payments to Individuals

If a charitable organization is to make payments to individuals in need, the individuals must constitute a charitable clas...

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About the Author

Laura H. Peebles

 

Laura H. Peebles, CPA, PFS is tax director at the national office of Deloitte & Touche, LLP (Washington, DC). Preceded by nine years with local firms in New Orleans and Ft. Collins, CO, she has extensive experience serving the financial, tax, and estate planning needs of high net worth individuals.

Ms. Peebles is a Special Consultant to BNA Tax Management Portfolio 844-2nd Estate Tax Credits and Computations, and author and speaker on numerous estate and charitable planning topics. She is a member of the American Institute of Certified Public Accountants (Elijah Watt Sells award) and has earned the AICPA's Personal Financial Specialist designation, with Highest Distinction. She is also a member of the Planned Giving Design Center Editorial Board. Ms. Peebles is a graduate of the University of New Orleans (B.S.-summa cum laude).

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