Giving Gives

The California coastline goes on for miles. Such a distance means there are a lot of boats in this beautiful state. All along California, there are thousands of boats sitting in Harbors and marinas not being used. From Lake Tahoe in the north to Lake Elsinore in the south, there  are many popular boating lakes in the golden state.  If you found yourself to be like one of the many California boat owners who are looking for a way to get rid of your boat, a  California Boat donation  may be right for you. Charitable boat donations  are a great way to give back to the community, but the process is not as simple as some may think. With planning, research, and the advice of a trusted tax professional, you can be on your way to making a meaningful impact on the community. The rewards can be two-fold. The  tax deduction  you can receive, in most situations, is more than what you would get for it than by selling outright. Make sure you do your homework whe...

For some, donating a home is the ultimate act when it comes to charitable giving.   Home donation   is a single action that can enhance the lives of whole families, possibly creating ripples for generations yet unborn. If you find yourself thinking about making such a significant donation, it is important to do your homework. The benefits of donating your house Donating your house comes with a lot of benefits not only to the charity of your choice but to you as well. Here are important things to consider: Get a major tax deduction:  This one is usually the biggie. You may be able to use the cost basis of your home (the original value when you purchased it) as the amount of your  charitable tax deduction . This will allow you a deduction of up to 60% of your AGI (adjusted gross income). If you decide to take your deduction based on the appreciated value, the value of your home right now, your charitable deductions are limited to 30% of your AGI. It can be a bit compli...

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...

Most of us who buy RVs want them so they can be able to spend more time outside. In reality, owning an RV can be much more stressful and expensive than you might realize. Many find that a typical RV camping trip can set you back several hundred dollars, even if you are only going for a weekend! Its fairly common for RVs to only get 6 to 12 miles per gallon and their fuel tanks can hold up to 75 gallons. On top of fuel expenses, RVs and campers also require a campsite with electricity, which will always come at a cost. After all the trouble to get your RV fueled up and on the road, that doesn’t usually leave much time to enjoy nature. Fear not, you can  donate RV ,  donate camper  or  donate motorhome  to  OnlineCarDonation.org  and they will take care of everything. You will never have to bother with the stresses of owning an RV again! Making a  RV donation  means you wont have to deal with difficult buyers.  A whole lot can go w...

When You Donate Land You Can Save on Taxes Not every eligible charity wants land. For some charities, land is a burden since, if they don’t have a use for it, they may need to pay to own it and to sell it.  Real Estate with Causes , on the other hand, is in the business of owning and using land and would love to take your  land donation . Keep in mind, before they can accept a  donation of land , it must have clear title. If you have any ownership issues related to inheritances, you may need to work along side their helpful representatives to resolve the issues. Finally, since you can only deduct the fair market value of your land, you will also need to have it professionally appraised to establish a value in order to receive the best tax deduction. With Real Estate with Causes, transferring the land is relatively simple. You will work with the charity’s legal team to draft a deed, which you give the charity ownership of the land. Once you have made the donation, y...

Are you a huge Disney fan? Throughout your lifetime you might have collected Disney art, memorabilia, jewelry and other items. Over decades you might have even amassed an impressive Disney collection; exceptional pieces of porcelain, pewter, and brass, limited edition watches and alarm clocks; signed limited edition prints, drawings, paintings and cells; and rare coins, pins, stamps, and key chains. Or, Perhaps, you’ve got a few precious Disney items you have held onto throughout the years and are not familiar with the increasingly popular term Disneyana. Did you know you can  donate Disneyana  to charity? You can spread the magic of Disney to the community, while also receiving a  tax benefit  when you  donate Disney collectibles  to  Collections with Causes . So, what is Disneyana exactly? Some examples of Disneyana can range from any product featuring virtually every Disney character — such as Mickey Mouse, Tinker Bell and others — to vinta...