Charitable Giving GONE WRONG: 3 Ways to Lose Your Deduction скачать в хорошем качестве

Charitable Giving GONE WRONG: 3 Ways to Lose Your Deduction

In this video, Toby Mathis, Esq. and Karim Hanafy, Esq. will go over three critical mistakes that can cause you to lose your charitable deduction. Karim is a nonprofit attorney with over 20 years of experience forming nonprofit organizations, obtaining 501(c)(3) tax-exempt status, advising with ongoing compliance, and assisting with annual tax reporting. Connect With Our Team To Get Your Nonprofit Started 👇 Email: [email protected] If you’ve ever donated money to a charity and wondered if you can claim it on your taxes, this video is a must-watch. Karim breaks down what you need to know to protect your deductions and avoid common pitfalls. One of the most crucial takeaways is the importance of having the right documentation. From small donations to large ones, it’s essential that you keep the proper receipts and paperwork. Many people assume that a thank-you note or a canceled check is enough proof of their donation, but that’s not the case. The IRS has specific requirements for what counts as legitimate documentation for your charitable contributions, and failing to follow these rules could cost you. Remember to like, comment, and subscribe to the channel for more great content along with guests. If you have any questions or comments about this video, feel free to leave them below. Show Notes: 0:00 Intro 2:09 Documentation Rules 4:44 Cash Contributions Under & Over $250 5:24 3 Important Parts (Don't Lose Your Deduction!) 7:18 Stock Donations & 3 Requirements 10:17 Crypto Donations & 3 Requirements 12:58 Real Estate Contributions & 3 Requirements 14:58 Art Contributions & 3 Requirements 16:15 Used Goods Documentation 19:25 Vehicle Documentation 23:04 Overview --------------------------------------------------------------------------------------------------------- 📞 FREE CONSULTATION https://aba.link/h8d Receive a Free Consultation About Asset Protection, Tax Strategies, & Estate Planning. SUBSCRIBE https://aba.link/subscribe ~~~~ FREE TAX & ASSET PROTECTION WORKSHOP Register for an upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers and creditors. Save Your Seat: https://aba.link/988a22 TAX TUESDAY LIVE Join us every other Tax Tuesday, where you can have your tax questions answered live by our experts entirely FREE. Register Now 👉 https://aba.link/3e5809 OTHER ANDERSON ADVISOR EVENTS Learn a rich selection of subjects like tax and asset protection, business, investing, and more. Our attorneys and other skilled experts will help you learn what you need to know in order to better your chances of success in your professional life. https://aba.link/tobyevents ~~~~ FINANCIAL PLANNING & TAX RESOURCES 📚 Order Your Copy of "Infinity Investing: How The Rich Get Richer And How You Can Do The Same" Here: 👉👉 👉 https://aba.link/IIWbook Order Your Copy of ”Tax-Wise Business Ownership" and find greater success by taking advantage of tax laws for your business. Here 👉 https://aba.link/tobyshop Visit Anderson Advisor's website for content, like articles, podcasts, and more that we publish alongside my channel. 👉 https://aba.link/tobyaba ~~~~ FOLLOW US: Instagram: https://aba.link/instagram Facebook: https://aba.link/facebook Twitter: https://aba.link/twitter LinkedIn: https://aba.link/linkedin TikTok:   / tobymathisesq   ~~~~ CONTACT US Phone: 800.706.4741 Email: [email protected] Fax: 702.664.0545 ABOUT TOBY MATHIS Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba --------------------------------------------------------------------------------------------------------- WARNING: I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name, and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture. The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. #nonprofit #charity #contributions #donations #deductions