If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the donations. But what happens if you haven’t received such a letter — can you still claim a deduction for the gift on your 2021 income tax return? It depends. The requirements To prove a charitable
substantiation Archives - Crawford Ellenbogen
Feb 23, 2022
Did you give to charity in 2021? Make sure you have substantiation
- By Victor Dozzi
- Charity, Taxes
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Feb 15, 2022
Keeping meticulous records is the key to tax deductions and painless IRS audits
- By Joan Ellenbogen
- Business
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If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. Specifically, you should carefully record your expenses in order to claim all of the tax deductions to which you’re entitled. And you want to make sure you can defend the amounts reported