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#32
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| - quote - > If "in front of the store" is public property (e.g.
Now, in Salt Lake City, "in front of Temple Square" may not> sidewalks, as in downtown Mpls) they have no say on > who can be there. be public, since the Mormon Church bought Main Street from the city a while back. -- Thomas E Healy, CPA, PC 1650 38th St., Ste 202W Boulder, CO 80301 Please send email to: tom[at]tomhealycpa.com, since I block all email at my newsgroup address. phone (303) 443-1804 fax (720) 489-3772 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#31
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| MODERATOR: This is not a partisan politics newsgroup, therefore this thread is closed AND I will take a closer look .sig comments. Phoebe Roberts, EA wrote: - quote - > Phoebe *who thought Kerry should have conceded around
What difference would that have made?> midnight* ![]() I thought that Bush should have waited until ALL votes were counted before declaring victory. A premature proclamation disrespects the system (ie: absentee, overseas and provisional voters). MTW << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#30
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| Frederick Jorden wrote: - quote - > The election is over.
How's that relevant to supporting or not supporting groupswhose goals I don't agree with? Phoebe *who thought Kerry should have conceded around midnight* ![]() << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#29
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| - quote - > > > My clients all know how important philanthropy and social
And does it matter to which party the donor contributes?> > > change contributions are to me. > > Pardon me if I've asked this before, but do you count POLITICAL > > contributions/activism (non-deductible for tax purposes) under > > your policy? > Yes, I do. Those donations plus donations of time are not > tax deductible but are taken into consideration in computing > the charitable discount on the client's bill ChEAr$, Harlan Lunsford << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#28
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| Harlan Lunsford <hnslunsford[at]bellsouth.net> wrote: - quote - > Frederick Jorden wrote:
If "in front of the store" is public property (e.g.> > By the way I noted that Target stores no longer will allow > > Salvation Army bell ringers in front of their stores. .. . . > And the reason they mention is that they would have to allow > any and all other groups to solicit in front of the store. sidewalks, as in downtown Mpls) they have no say on who can be there. If it's their private property, they can be fairly arbitrary in making their decisions. (After all, they can have 18 aisles of Chrismas stuff for two months, without being required to sell any stuff for other holidays. They can likewise say "We think Charity X will drive away more potential customers than it attracts, so we don't want it on our private property.") - quote - > Perhaps they're thinking of all the groups they contribute
They can likewise contribute as they wish.> to, including some groups not in favor of certain > constitutional amendments in eleven states. - quote - > Of course locally I've never seen any other groups pressing for
I'm sure there are plenty of groups that would, in many> collection space at local stores, just the Salvation Army. cases to prove a point rather than to spend a lot of effort to raise little money. - quote - > I urge all who will consider it, to contribute money this year
It's always better to contribute by check, so you have a> to the Salvation Army and let them know why, with carbon copy > of the letter to Target. Yes, I will. record. [YADATROT] I can't see any likely position for Target which would cause them to care whether or not somebody (who might or might not be a customer) gave a charitable donation; in fact, if they still support SA but actually believe their statement, they'd most likely thank you for making the contribution. (This thread should probably move over to mlm if we're going to discuss what they can and can't do.) Seth << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#27
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| - quote - > > My clients all know how important philanthropy and social
Yes, I do. Those donations plus donations of time are not> > change contributions are to me. > Pardon me if I've asked this before, but do you count POLITICAL > contributions/activism (non-deductible for tax purposes) under > your policy? tax deductible but are taken into consideration in computing the charitable discount on the client's bill Jan Zobel EA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#26
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| Phoebe Roberts, EA wrote: - quote - > Harlan Lunsford wrote:
Do you have one for the Boy Scouts too?> > I urge all who will consider it, to contribute money this year > > to the Salvation Army and let them know why, with carbon copy > > of the letter to Target. Yes, I will. > And I urge all who will consider it, to contribute this to > the Salvation Army: > http://www.soulforce.org/pdf/kettlevoucher.pdf The election is over. -- Frederick E. Jorden http://Tax-Accounting-Payroll.com 7825 Midlothian Tpk - 207 Richmond, VA 23235-5247 EMAIL knowtax[at]bigfoot.com (804) 320-6210 FAX (804) 320-6211 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#25
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| Phoebe Roberts, EA wrote: - quote - > Harlan Lunsford wrote:
I couldn't load that particular page for some reason.> > I urge all who will consider it, to contribute money this year > > to the Salvation Army and let them know why, with carbon copy > > of the letter to Target. Yes, I will. > And I urge all who will consider it, to contribute this to > the Salvation Army: > http://www.soulforce.org/pdf/kettlevoucher.pdf Are you telling me that Salvation Army also contributes to that rainbow outfit? My contribution is being put on hold till I hear about this. ChEAr$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#24
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| Harlan Lunsford wrote: - quote - > I urge all who will consider it, to contribute money this year
And I urge all who will consider it, to contribute this to> to the Salvation Army and let them know why, with carbon copy > of the letter to Target. Yes, I will. the Salvation Army: http://www.soulforce.org/pdf/kettlevoucher.pdf Phoebe ![]() << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#23
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| JanZtax wrote: - quote - > My clients all know how important philanthropy and social
Pardon me if I've asked this before, but do you count> change contributions are to me. POLITICAL contributions/activism (non-deductible for tax purposes) under your policy? MTW << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#22
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| - quote - > I urge all who will consider it, to contribute money this
Harlan-> year to the Salvation Army and let them know why, with a > carbon copy of the letter to Target. I just don't want to let this "solicitation" pass without comment. Not all on this list are in agreement with you. I, for one, am not (but then I'm sure you already knew that!) Jan Zobel EA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#21
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| - quote - > One question, Jan. Do you actually tell your non-contributory
Absolutely, they know about it; it's part of my "pricing and> clients about the 50$ penalty? And what do they say about it? > Have you noticed any of them "voting with their feet"? policies" sheet (that every client gets with their tax questionnaire). Those who might have voted with their feet are long ago gone since I've been doing this for many years. My clients all know how important philanthropy and social change contributions are to me. The only "advertising" I do for my tax practice is my own charitable contributions, which, along with personal referrals, is what brings new clients. And, by the way, I ask on my questionnaire how much people have donated in money AND/OR time so I do know (to the extent that clients tell me) about time they've spent doing volunteer work. Jan Zobel EA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#20
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| Tom Healy wrote: - quote - > Roughly, 3% disallowance of itemized deductions times
But that doesn't wipe out itemized deductions ENTIRELY.> $30,000,000 AGI. Wouldn't 20% of $900,000 (in this case) still be deductible? (But, I agree, this nevertheless takes most of the "fun" out of the deduction.) MTW << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#19
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| Frederick Jorden wrote: - quote - > Harlan Lunsford wrote:
I'm glad you mentioned that, Frederick, cause I was JUST> > JanZtax wrote: > > > I'm with you, Gary -- I would notice that very thing if he > > > were my client. But, we've been down this road before in > > > this newsgroup and I know that I'm in the minority in > > > believing that everyone should be making charitable > > > contributions of cash or time. And, as I've mentioned before > > > here, I offer a discount on my bill to my clients who donate > > > 3% or more of their income or time, and I charge a $50 > > > penalty for those who have made no donations in the previous > > > year (which I then donate to my favorite charities). > > > > > I do understand, however, that many don't think this is > > > relevant to the tax professional's job; for me it's putting > > > my beliefs in action in my day-to-day life and > > > encouraging/educating my clients to do the same. > > One question, Jan. Do you actually tell your non > > contributory clients about the 50$ penalty? And what do > > they say about it? Have you noticed any of them "voting > > with their feet"? > > > While I have in the past discounted a fee to one really > > needy, or even done a return free to an army > > reservest/national guardsman called to active duty, I > > could never discriminate on what many will call a > > moral/ethical basis. > > > Well.... exception of course proves the rule, cause I DO > > discriminate against liars and cheaters and evaders. > And others contribute time and other services which they > cannot deduct. The folks who work on building houses for the > poor. Others who work in disaster relief for the Red Cross > and the Salvation Army. The person who picks up the lunch > tab for the Military person at the airport. None of these > are deductible. You may never know they do it. In fact I > kind of remember a passage in the bible about folks who call > attention to how good they are. > By the way I noted that Target stores no longer will allow > Salvation Army bell ringers in front of their stores. thinking of same thing to bring out . And the reason they mention is that they would have to allow any and all other groups to solicit in front of the store. Perhaps they're thinking of all the groups they contribute to, including some groups not in favor of certain constitutional amendments in eleven states. Of course locally I've never seen any other groups pressing for collection space at local stores, just the Salvation Army. I urge all who will consider it, to contribute money this year to the Salvation Army and let them know why, with carbon copy of the letter to Target. Yes, I will. ChEAr$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#18
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| - quote - > > Of course the first $900,000 of charitable contribution
Roughly, 3% disallowance of itemized deductions times> > wouldn't give a tax benefit. > > > I've been trying to replicate that result, but haven't > > succeeded. How did you do that and/or what assumptions did > > you make? $30,000,000 AGI. Tom -- Thomas E Healy, CPA, PC 1650 38th St., Ste 202W Boulder, CO 80301 Please send email to: tom[at]tomhealycpa.com, since I block all email at my newsgroup address. phone (303) 443-1804 fax (720) 489-3772 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#17
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| Harlan Lunsford wrote: - quote - > JanZtax wrote:
And others contribute time and other services which they> > I'm with you, Gary -- I would notice that very thing if he > > were my client. But, we've been down this road before in > > this newsgroup and I know that I'm in the minority in > > believing that everyone should be making charitable > > contributions of cash or time. And, as I've mentioned before > > here, I offer a discount on my bill to my clients who donate > > 3% or more of their income or time, and I charge a $50 > > penalty for those who have made no donations in the previous > > year (which I then donate to my favorite charities). > > > I do understand, however, that many don't think this is > > relevant to the tax professional's job; for me it's putting > > my beliefs in action in my day-to-day life and > > encouraging/educating my clients to do the same. > One question, Jan. Do you actually tell your non > contributory clients about the 50$ penalty? And what do > they say about it? Have you noticed any of them "voting > with their feet"? > While I have in the past discounted a fee to one really > needy, or even done a return free to an army > reservest/national guardsman called to active duty, I > could never discriminate on what many will call a > moral/ethical basis. > Well.... exception of course proves the rule, cause I DO > discriminate against liars and cheaters and evaders. cannot deduct. The folks who work on building houses for the poor. Others who work in disaster relief for the Red Cross and the Salvation Army. The person who picks up the lunch tab for the Military person at the airport. None of these are deductible. You may never know they do it. In fact I kind of remember a passage in the bible about folks who call attention to how good they are. By the way I noted that Target stores no longer will allow Salvation Army bell ringers in front of their stores. -- Frederick E. Jorden http://Tax-Accounting-Payroll.com 7825 Midlothian Tpk - 207 Richmond, VA 23235-5247 EMAIL knowtax[at]bigfoot.com (804) 320-6210 FAX (804) 320-6211 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#16
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| - quote - > > What do you think of this? A client's income for 2003 and
He is 50% owner of an S-Corp, which didn't make any> > 2003 totaled more than $30,000,000. Charitable gifts for > > those two years: $0. > I'm with you, Gary -- I would notice that very thing if he > were my client. But, we've been down this road before in > this newsgroup and I know that I'm in the minority in > believing that everyone should be making charitable > contributions of cash or time. And, as I've mentioned before > here, I offer a discount on my bill to my clients who donate > 3% or more of their income or time, and I charge a $50 > penalty for those who have made no donations in the previous > year (which I then donate to my favorite charities). > I do understand, however, that many don't think this is > relevant to the tax professional's job; for me it's putting > my beliefs in action in my day-to-day life and > encouraging/educating my clients to do the same. > By the way, I'm guessing your client is part of a > corporation, true? Did the donations perhaps get made via > the corporation? contributions. He did set up a private foundation a few years ago, but hasn't contributed any money in several years. We double checked on the charity and were told "no contributions" for 2003, so it isn't that he forgot. I must be in the minority as well, because I believe that we should provide strong hints to clients about charity. As to the difference between his taxes and mine being charity, that's a load of male bovine waste. By that logic, I should consider the increase in my taxes from year to year as being charity. Living in a high-cost area (metropolitan New York City), I can understand how a client making $250,000 can feel financially squeezed to raise a couple of kids, but when the income goes above $1,000,000 and the client is that cheap, that's another story. Sometimes there is an underlying problem, such as the addiction to acquiring real estate, but this client's income is more than the combined value of all of his homes. I took the Becker CPA review course 15 years ago and still remember his lecture on a CPA's responsibility to the world (vis a vis charitable giving). Gary -- You can probably X figure out X which letters to X delete to derive my email address X. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#15
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| - quote - > What do you think of this? A client's income for 2003 and
The sad thing about this is that at this income level> 2003 totaled more than $30,000,000. Charitable gifts for > those two years: $0. charitable planning can actually result in more funds going to loved ones than in the absence of planning - at least except for 2010. A good book on the subject is Bill Gates Sr's book, "Wealth and Our Commonwealth." Yes, THAT Bill Gates. -- Thomas E Healy, CPA, PC 1650 38th St., Ste 202W Boulder, CO 80301 Please send email to: tom[at]tomhealycpa.com, since I block all email at my newsgroup address. phone (303) 443-1804 fax (720) 489-3772 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#14
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| Tom Healy wrote: - quote - > Of course the first $900,000 of charitable contribution
I've been trying to replicate that result, but haven't> wouldn't give a tax benefit. succeeded. How did you do that and/or what assumptions did you make? MTW << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#13
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| JanZtax wrote: - quote - > I'm with you, Gary -- I would notice that very thing if he
One question, Jan. Do you actually tell your non> were my client. But, we've been down this road before in > this newsgroup and I know that I'm in the minority in > believing that everyone should be making charitable > contributions of cash or time. And, as I've mentioned before > here, I offer a discount on my bill to my clients who donate > 3% or more of their income or time, and I charge a $50 > penalty for those who have made no donations in the previous > year (which I then donate to my favorite charities). > I do understand, however, that many don't think this is > relevant to the tax professional's job; for me it's putting > my beliefs in action in my day-to-day life and > encouraging/educating my clients to do the same. contributory clients about the 50$ penalty? And what do they say about it? Have you noticed any of them "voting with their feet"? While I have in the past discounted a fee to one really needy, or even done a return free to an army reservest/national guardsman called to active duty, I could never discriminate on what many will call a moral/ethical basis. Well.... exception of course proves the rule, cause I DO discriminate against liars and cheaters and evaders. ChEAr$, Harlan Lunsford, EA n LA Tue, 9 Nov 2004 17:51:00 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| charitable, clients, contributions |
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