Taxable Donations or Not
Crowdfunding has grown in the last 20 years raising billions of dollars from hundreds of projects being launched on a daily basis. Crowdfunding is the practice of soliciting financial contributions from a large number of people over the internet. These contributions can be used for a verity of projects. By doing this individuals and organizations […]
Gift Tax Basis
You could be subject to a gift tax if you give a non-spouse a gift valued in excess of the annual exclusion amount. For 2016 the annual federal gift tax exclusion amount for gifts to a non-spouse is still $14,000 per person, per year. If you are married, you and your spouse may give up […]
Donations Deductible
Charitable contributions are donations or a gift to or for the use by a qualified organization. It is voluntary and made without getting or expecting to get anything of equal value. Qualified organizations are nonprofit groups that are religious, charitable, educational, scientific or literary in purpose or that work to prevent cruelty to children or […]
BUSINESS GIFT OR ENTERTAINMENT – Tis the Season for Giving
Saying that Las Vegas offers a wide variety of entertainment choices is saying a lot. From touring hotel and casino bright lights to getting your picture taken with Elvis at the “Welcome” sign; to dining and watching the best entertainment offered or enjoying the local ballet company to spending an afternoon at the Smith’s Center […]
