Make Sure Your Charitable Donations Are Tax Deductible
Individuals and estates making charitable donations face a wide range of IRS rules and regulations. Depending on what is donated and how, the amount allowable for a deduction may vary.
Be sure you and your estate make intelligent tax decisions when giving to charities. The charitable donation attorneys at McLario, Helm, Bertling & Spiegel, S.C. can help you claim the right tax deduction regardless of how complicated your donation itemization may be.
Two entities donating the same amount to the same organization may receive different tax deductions.
Charitable Donation Tax Laws Are Complicated, Don’t Make a Costly Mistake
Straight cash donations are relatively simple to report. More complicated donations, though, have similarly more complicated tax law governing them. Donating stock, real estate, vehicles, art, jewelry or other non-cash items can lead to difficult tax filings.
Making a mistake when deducting donations can lead to costly IRS penalties.
With the help of the skilled charitable donation attorneys at McLario, Helm, Bertling & Spiegel, S.C., you can be sure your donation is properly deducted, reducing your tax burden. Capital gains taxes can be avoided if you donate appreciated real estate, significantly helping you at tax time.
Deferred or Planned Giving: Make Donations with Your Will
Many people want to donate some of their assets to charity but are currently using them and unable to give them away. Deferred or planned giving offers an opportunity to use your will to donate these assets. McLario, Helm, Bertling & Spiegel, S.C. has experienced lawyers who can create a planned gift as part of your will.
We can even structure a planned gift to benefit the charity now and after your will takes effect.
Whether you want to donate a life insurance policy, equities or other asset, trust the estate planning lawyers at McLario, Helm, Bertling & Spiegel, S.C. to set up a planned gift to the charity of your choice.