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Philanthropy

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

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

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