IRS Scrutiny of Charitable Contributions and the Dirty Dozen Tax Scams

Thinking about making a charitable contribution this year? If so, be sure to stick to the letter of the law because the IRS is scrutinizing the charitable contributions.

You must have either a bank record or written communication stating the amount of the contribution, the date of the contribution,and the name of the organization.

As long as you stick to the letter of the law you should be safe. The Dirty Dozen Tax Scams were just issued and here are the top 3: Hiding Income Off Shore, Identity Theft, and Tax Preparer Fraud. The IRS is now requiring all tax preparers to be registered and take a course which was not required in the past.

At M.J. Baker & Associates, all of our preparers are registered and take continuing education classes so if you have any questions, please don't hesitate to contact us.

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