Wednesday, July 6, 2011
Charities Loose Exempt Status
Last month, 275,000 charities in the United States lost their "exempt" status. What does this mean for you? Future donations will not be deductible on your taxes. So, if writing that check is motivated by a deduction, check the this list first to make sure it will still count. Most of the charities lost status for failure to form 990-N.
Melinda Gustafson Gervasi is a Madison attorney and author whose current practice focuses on estate planning and probate. She is committed to increasing the public’s understanding of estate planning and probate issues. In 2013 she released her first book, Middle Class Philanthropist where she illustrates how anyone can leave a legacy. Gustafson Gervasi Law Office, LLC, 5555 Odana Rd., Suite 205, Madison, WI 53719
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