Taxes December 8, 2025
How Much Should the IRS Know About Your Charitable Giving? It’s More Than You May Realize
Even if you never claim a tax deduction, the federal government may still know which charities you support.
Taxes November 19, 2025
Just Desserts for Missing Charitable Records
As evidenced by a taxpayer in a new case, Besaw, TC Sum. Op. 2025-7, 7/21/25, just missing one or two of the key ingredients can spoil the deal.
Special Section: Guide to 2025 Tax Changes November 12, 2025
New Tax Law ‘Floors’ Charitable Deductions for Corporations – OBBBA Tax Law Changes
If a corporation makes a monetary contribution falling between the 10% ceiling and the 1% floor, the amount “in between” is deductible. Any nondeductible amount above the 10% ceiling may still be carried over for five years.
Advisory March 7, 2025
Study: Nearly Half of Nonprofits Lack Funds to Effectively Operate
For the second consecutive year, individual contributions—the single largest source of dollars given to charitable organizations for more than 10 years—have declined.
Taxes November 29, 2023
5 Ways to Gift Yourself Tax Savings This Holiday Season
The Illinois CPA Society offers five money moves to make before the end of the year to create some tax-time savings now and in the year ahead.