How Charitable Giving Can Help You
Making donations to charity can be mutually beneficial for the recipients and for the givers. The U.S. tax code actually says that those who donate to charity may write some or all of their donations off of their taxes. This stipulation can be especially helpful for those who find themselves in trouble with the IRS and facing an IRS action. Through making charitable donations, particularly larger donations, you may be able to better protect yourself against an IRS action.
Facing the IRS can be daunting and you may not know where to turn. If this is the case for you, reach out to the tax relief lawyers of the Tax Relief Law Center today. Fill out our contact form at the top of the page and an attorney will be in touch with you.
Examples of Charitable Giving
When you’re facing trouble from the IRS, charitable giving can be a way to offset some of your tax burdens. Some of the more commonly donated objects that have large monetary value include:
- Large clothing donations
- Tools and work equipment
These are only some examples of high-value charitable donations. With consultation from an experienced tax lawyer, you will better understand how charitable donations may be able to help you with your tax burdens.
If you or someone you know is facing an IRS action and you are considering using a charitable donation to offset your tax problems, contact an experienced tax relief attorney of the Tax Relief Law Center today by completing our contact form above.