#charitable-giving

Благотворителност

Стратегии за дарения, данъчно приспадащи се вноски и квалифицирани благотворителни организации

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16 юли 2026 г.8 минути четене

Professional Organizer Bookkeeping: Package Pricing, Client Property Liability, and Why the Donation Deduction Isn't Yours

A bookkeeping guide for professional organizers covering how to book package deposits and maintenance retainers as unearned revenue, the insurance clients expect (general liability, E&O, workers' comp — roughly $1,500–$3,000/year), why the Goodwill donation deduction belongs to the client rather than the organizer, and when a day helper must be classified W-2 instead of 1099.

Mike Thrift

bookkeepingsmall-businessself-employment

12 юли 2026 г.9 минути четене

Program-Related Investments: How Private Foundations Recycle Charitable Capital

Program-related investments let a private foundation count loans, equity stakes, or guarantees toward its mandatory 5% annual payout, then reclaim the capital as it's repaid, but PRIs to non-charitable recipients trigger IRS expenditure-responsibility rules with a 20% excise tax and personal manager penalties for noncompliance.

Mike Thrift

charitable-givingtax-compliancecompliance

9 юли 2026 г.8 минути четене

Accepting Cryptocurrency Donations: A Nonprofit's Guide to Gift Acceptance, Valuation, and IRS Substantiation

Nonprofits accepting cryptocurrency gifts over $5,000 cannot rely on exchange prices for tax substantiation — IRS Chief Counsel Advice 202302012 requires a qualified appraisal, and ASU 2023-08 now mandates fair-value accounting for any crypto a nonprofit holds past the point of receipt.

Mike Thrift

nonprofitcharitable-givingcryptocurrency

9 юли 2026 г.9 минути четене

Your Nonprofit Just Received a Bitcoin Donation. Now What?

A practical guide for nonprofits accepting cryptocurrency donations — how to write a gift acceptance policy for digital assets, apply FASB's ASU 2023-08 fair-value accounting rules, and meet IRS substantiation requirements including Form 8283 signatures, qualified appraisals over $5,000, and the Form 8282 three-year disposition rule.

Mike Thrift

nonprofitcryptocurrencycharitable-giving

9 юли 2026 г.8 минути четене

How Nonprofits Should Value and Record Gifts-in-Kind Under ASC 958-605

ASU 2020-07 requires nonprofits to present contributed nonfinancial assets as a separate line item, disaggregated by category, with disclosed valuation methods. This guide covers the fair-value rules of ASC 958-605 — which volunteer services are recordable, how to value donated goods, professional services, and facility use, the offsetting journal entries, and the $25,000 Form 990 Schedule M threshold.

Mike Thrift

nonprofitcharitable-givingfinancial-reporting

9 юли 2026 г.9 минути четене

Recording Gifts-in-Kind: A Nonprofit Accounting Guide to ASU 2020-07

Under ASU 2020-07 (ASC 958-605), nonprofits must record donated goods, services, and facility use at fair value on a separate line item and disclose valuation methodology by category, or risk an auditor flagging the financial statements.

Mike Thrift

nonprofitauditaccounting

8 юли 2026 г.7 минути четене

The Fiduciary Duties Every Nonprofit Board Member Must Know

Nonprofit directors carry three legal fiduciary duties — care, loyalty, and obedience — and courts have held boards personally liable for failing to ask basic questions about how the organization spent its money.

Mike Thrift

nonprofitcompliancecharitable-giving

19 май 2026 г.10 минути четене

The 0.5% AGI Floor on Charitable Gifts: Preserving Your Deduction in 2026 With Bunching, DAFs, and QCDs

Starting in 2026, OBBBA imposes a 0.5% AGI floor on itemized charitable contributions and caps top-bracket deductions at 35 cents per dollar. Bunching gifts, funding a donor-advised fund, and making qualified charitable distributions from an IRA recover most of the lost benefit for typical itemizing donors.

Mike Thrift

charitable-givingtax-planningtax-deductions

18 май 2026 г.11 минути четене

The Charity Deduction You Get Without Itemizing: A 2026 Guide to the New $1,000 / $2,000 Above-the-Line Write-Off

Starting in 2026, taxpayers who take the standard deduction can deduct up to $1,000 ($2,000 for joint filers) of cash gifts to qualified public charities under new IRC Section 170(p) — cash only, no donor-advised funds, no carryforward, and the same $250 documentation rules as itemizers.

Mike Thrift

charitable-givingtax-deductionstax-planning

18 май 2026 г.9 минути четене

The Standard Deduction Is Now Permanent: How OBBBA Reshapes the Itemize-vs-Standard Decision for 2026

How the One Big Beautiful Bill Act made the doubled standard deduction permanent, raised the SALT cap to $40,000, added a 0.5% AGI charitable floor, and stacked a $6,000 senior bonus deduction — with concrete math for the 2026 itemize-versus-standard decision.

Mike Thrift

taxtax-planningtax-deductions

17 май 2026 г.15 минути четене

Form 1099-R Box 7 Distribution Codes, Decoded

Box 7 of Form 1099-R holds a one- or two-character code that decides whether a retirement distribution is taxable, penalty-free, or hit with a 10% early-withdrawal penalty. This guide explains every numeric and letter code, including the new Code Y for qualified charitable distributions, and the coding errors that overcharge taxpayers.

Mike Thrift

taxretirementpersonal-finance

17 май 2026 г.13 минути четене

NIL Collectives and 501(c)(3) Status: What IRS Memorandum AM 2023-004 Means for Donors

IRS Memorandum AM 2023-004 holds that most nonprofit NIL collectives fail the 501(c)(3) operational test because compensating student-athletes is substantial private benefit, not charitable activity — meaning donor contributions are often not deductible.

Mike Thrift

nonprofitcharitable-givingtax-compliance

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