Charitable planning: How to donate and get tax breaks for giving
from By David B. Mandell, JD, MBA, and Carole Foos, CPA
The will to give is strong in many people, including contractors. As a society, we cherish the right to give to the charitable institutions of our choice. The will to give is what we refer to as "charitable intent." We want to give. Often, the biggest hurdles to giving are that we do not know how to give or we assume that our family will suffer as a result of our giving. Our goal here in this article, is to show you a few ways to make such gifts in a tax-savvy manner.
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