On May 25, 2023, the Internal Revenue Service (IRS) alerted businesses to be careful about new scams that focus on the Employee Retention Credit (ERC). The IRS has been monitoring a "barrage of aggressive broadcast advertising" that seriously misrepresents and exaggerates the qualifications for the Employee Retention Credit. Due to the proliferation of ERC scams, the IRS is increasing its effort...
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Quentin Charles Douglas was the firstborn child in a large family. Throughout his childhood, Quentin's parents worked hard to put food on the table for their children. They also instilled in Quentin the value of hard work and saving money. Quentin took those lessons to heart, putting forth his best effort in school, finding a rewarding job and putting away as much in savings as he could. For many years,...
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Organization applied for exempt status under Sec. 501(c)(3). Organization's Articles of Incorporation state Organization's purpose is to make better men and exercise faith, hope and charity. The activities of the Organization include raising funds through membership dues, holding fundraiser events and making donations to help the community in charitable efforts such as...
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Intellectual property refers to assets that do not have a physical form. Common types of intellectual property (IP) include copyrights, trademarks or patents. As intellectual property filings continue to rise, it is important to understand the treatment and regulations for these types of gifts. ...
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The GiftLaw Calculator is a planned gifts calculator for professionals that follows the IRS format. Run charitable deduction calculations for your favorite gift plan.
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GiftLaw Pro is a complete charitable giving and tax information service inside the GiftLaw website.
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