Giving Gives

The holiday season is the most popular time for making charitable donations, however, any time of year can be a great time for giving. Supporting charities and causes you believe in, such as  Giving Center , can give you good feelings about spending your money or gifting assets, while also reaping other rewards in the form of tax deductions for donations. Here is some advice to help you make the most of your charitable donations, no matter how small or large your gifts. 1. Make a giving plan The same way you budget for things such as travel, home improvements or car repairs, you can include  charitable giving in your budget . You can even open a high-rate savings account dedicated specifically to your donation fund and set up automatic transfers to set aside a little money each month. 2. Make sure the charity is legitimate Prior to parting with your money, confirm that the organization is a registered 501(c)3 ; to accomplish this you can use the tax-exempt organizatio...

Qualifying donations To qualify for the charitable tax deduction, your corporation must make a donation to a qualified charity such as  Giving Center .  Giving Center , and charitable organizations like it, can issue  donation receipts  for the gifts received from both individuals and corporations. Only an  IRS approved charity  is qualified to give a donation receipt that can provide your cooperation of tax deduction. The Internal Revenue Service (IRS) maintains a  list of qualified charities , like Giving Center, who are allowed to issue official donation receipts for charitable gifts. The IRS considers a donation to be a  voluntary transfer of money or property  for which you expect and receive no consideration. You are able to make these charitable donations by cash or in kind. A donation is irrevocable. Donation receipts are issued for the eligible amount of the donation to charity, this is usually the value of the donation. In ...

Giving to  Giving Center  and other non-profit organizations is a great way for your small business to build goodwill in the community and is often part of an overall public relations strategy. For many businesses, making  charitable donations  in  cash ,  property  and even time can be a  benefit  when it comes time to file your business taxes. Many types of contributions are  tax-deductible . Though, there are limitations on these contributions and processes to follow in order to comply with strict tax laws. Qualifying Donations The IRS recognizes both  cash and non-cash contributions  from businesses. Non-cash donations can be  property ,  goods  and  inventory . You also can deduct expenses related to volunteering for a qualified charitable event or service project. This doesn’t include the value of the time you spent but can cover gas and mileage required to attend an event, along with supplies...

Donating Aircraft to a Charity First Things First: If you  donate aircraft  to  AircraftDonation.org , or any IRS approved charitable organization, its  Fair Market Value  must be detaermined. An acceptable measure of the of a fair market value of an aircraft is an amount not in excess of the price listed in a used aircraft pricing guide for a private party sale, not the dealer retail value. However, the fair market value may be less than that amount if the aircraft has issues, damages, high airframe hours or any type of exstensive wear. The Fair Market Value of a  donated aircraft  is determined by many factors such as the price listed in a used aircraft pricing guide; that is only if the guide lists a sales price for an aircraft that is the same make/manufacturer, model and year, that is sold in the same geographic area, in the same condition, that is also with the same or similar engines, options, systems or accessories, and total hours and...

Getting out from under a timeshare, or a vacation property, often means a plethora of hassles. Time-share owners often discover that the resale value of their slice of paradise is only about a fraction of what they paid for it; many are reduced to listing time-shares on sites like Craigslist or eBay for pennies on the dollar, or even end up paying re-sellers hundreds or even thousands of dollars to take the properties off their hands. It is estimated there are over 9 million timeshare owners in the United States alone and 74% of those are locked into lifetime contracts with perpetuity commitments that can even pass on to their next of kin. With an average annual maintenance fee of $970, and often difficult booking processes, timeshare ownership can become very frustrating.  TimeshareDonations.org  was founded on the idea that you should have an option when it comes to exercising your rights. They are here to eliminate your unwanted timeshare and help you move one step clo...

Seaplanes can be great and they can be very practical for places that cannot be reached by road or airport. However, they can be costly to operate. Small land planes can be expensive per passenger mile in comparison with either large airliners and even cars. Seaplanes also have additional operating costs: the floats themselves generally cost about 40% of the price of the airplane, and sheet metal damage is often frequent. Sheet damage can be caused by such things as submerged rocks, docks, and even waves from passing boats. Mishaps are mostly unavoidable solely due to the fact that seaplanes are meant to go where the environment is can not be completely controlled. In addition, seaplanes face salt-water corrosion. Fuel costs (due to higher drag) are also expensive, and seaplanes are not fuel efficient. A Beaver consumes around 22 gal. of gasoline per hour, giving it a gas mileage of 5 MPG. This is comparable to a bus or 18-wheel truck. So if you are thinking of making a ...