Harlan Lunsford <hnslunsford[at]bellsouth.net> wrote:
- quote -

If you find an official non-profit that has a proper exempt
purpose, it is permissible to make a constribution with
strings (e.g. to help a specific individual) if it is
pursuant to the exempt purpose of the organization. And if
the organization agrees, of course.

Stu

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

StringerBell wrote:

- quote -

My take on this is that if you know the identify of a
certain individual for whom funds may be "channeled" via a
qualified charity, then there's no deduction. And I'm
pretty sure that when push came to shove, and upon audit IRS
discovered the ruse, they would disallow the deduction and
tend to want to poke around that particular charity who lent
it's good name to such shenanigans.

ChEAr$,
Harlan Lunsford, EA n LA

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

Stuart Bronstein <spamtrap[at]lexregia.com> wrote:
- quote -

I don't see anything wrong with people all coming together,
even if someone organizes them, and just making free will
gifts to this person.

They would not be able to deduct the gifts, but is that
important enough to go through the trouble and expense of
forming a recognized charity?

--
ArtKamlet at a o l dot c o m Columbus OH K2PZH

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

"StringerBell" <StringerB...[at]HOTMAIL.COM> wrote:

- quote -

Making "charitable" donations for the benefit of an
individual do not qualify as deductible under most
circumstances. They may if the collection agency is a
recognized charity (501c3) and the funds are disbursed on a
need basis. For example, funds collected to help victims of
a disaster (flood, fire, tornado, etc). Funds collected
specifically for a single individual are merely
nondeductible GIFTS.

- quote -

Recipents of charitable donations or gifts do not pay income
tax on such funds.

- quote -

With some difficulty, if your intent is to turn a gift into
a deductible donation.

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

"StringerBell" <StringerBell[at]HOTMAIL.COM> wrote:

- quote -

Funds have to be received by an organization that qualifies
as tax exempt under Internal Revenue Code §501(c)(3),
usually meaning that it has been approved to receive tax
deductible contributions by the IRS.

If you do not have proper tax status, you could find a
qualified organization whose exempt purpose is to help
people in your friend's situation (in this type of case
they'd be referred to as a "fiscal agent"). All
contributions will be given to them, and they will turn
around and help your friend. They will keep a fee to cover
their own costs, generally between 5-10%.

Stu

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

"StringerBell" <StringerBell[at]HOTMAIL.COM> wrote:

- quote -

Nothing practical I can think of.

- quote -

I don't see that as a problem, but I'd keep very good books.
The organizer is arguably just serving as a collection
point for gifts to the child.

- quote -

I'd definitely check with the state's Attorney General's
office. Think "Lucy & Ethel need money to go to Europe."

--
Phil Marti
Clarksburg, MD

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

"StringerBell" <StringerBell[at]HOTMAIL.COM> wrote:

- quote -

It has to be done through an organized charity

___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <-----

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

In a charitable benefit for a sick individual, Is there a
way to make the event "official" so that donations are tax
deductable ? (Thereby compelling people to donate more).

Of course it is a moot point if the receiver of the donation
has to pay taxes on what is brought in.

How are these things properly set up?

thanks

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >