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Charitable Deduction Information Hartsville SC

In the rush to get tax returns prepared and filed, many people absentmindedly forget to include deductions for contributions to charities. If you itemize deductions on your tax return, this can be an expensive omission. Before claiming your deduction for donations, there are a couple of things to keep in mind.

Mr. Roland Stadelmann (RFC®), CSA
(864) 457-2426
PO Box 639
Landrum, SC
Company
Foothills Financial Group, Inc.
Qualifications
Education: BS
Years of Experience: 19
Membership
IARFC, MDRT
Services
Invoice, Estate Planning, Portfolio Management, personal Coach, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Stocks and Bonds, Mutual Funds, Mortgage Loans, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Healthcare Accounts, Charitable Foundations, Asset Protection, Compensation Plans

Data Provided by:
Mr. Joseph F. Folis (RFC®), CHFC
(843) 492-0677
PO Box 70631
Myrtle Beach, SC
Company
Focus Wealth Advisors LLC
Qualifications
Years of Experience: 21
Membership
IARFC
Services
Invoice, Estate Planning, Portfolio Management, Retirement Planning, Tax Planning, Compensation Plans

Data Provided by:
Donnie L. Campbell (RFC®), RHU
(864) 627-5515
P. O. Box 26147
Greenville, SC
Company
Financial Management Group
Qualifications
Years of Experience: 28
Membership
IARFC, MDRT, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Employee Benefits, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Education Plan, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Pat Strubbe (RFC®), CHFC, CLU, CSA
(803) 798-1998
121 Executive Center Dr Ste 135
Columbia, SC
Company
Preservation Specialists, LLC
Qualifications
Education: BS, Purdue University, Graduated with Honors
Years of Experience: 14
Membership
IARFC
Services
Invoice, Estate Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Charitable Planning, Compensation Plans

Data Provided by:
Jon M. Rogers (RFC®), CHFC, CLU, PHD
(864) 250-1376
P.O. Box 10767
Greenville, SC
Company
Rogers Financial Group,L.L.C.
Qualifications
Education: PhD
Years of Experience: 45
Membership
IARFC
Services
Invoice, Estate Planning, Portfolio Management, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Stocks and Bonds, Mutual Funds, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Charitable Planning, Compensation Plans

Data Provided by:
Justin Grau
424 Old Cherokee Road
Lexington, SC
Type
Investment Advisor Rep: Yes
Education
BS In Nuclear Science and Technology
Years Experience
Years Experience: 3
Service
Wealth Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Health Care Insurance,Retirement Planning,Investment Consulting & Allocation Design,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Individual Income Tax Planning,Portfolio Engineering,401k Rollover From Employer,Income for Life/ Preserve Principal,Disability Insurance,Annuities,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances

Data Provided by:
David E. Moore (RFC®), LUTCF
803 613 9486 x-12
Talbert & Moore Business Center
North Augusta, SC
Company
Talbert & Moore Financial Group
Qualifications
Education: MDRT, RFC, CLTC, LUTCF
Years of Experience: 20
Membership
IARFC, MDRT, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Charitable Planning, Education Plan, Healthcare Accounts, Asset Protection, BuySell, LiabCover

Data Provided by:
Martin Shapiro
2435 E. North Street
Greenville, SC
Service
Fee-Only Comprehensive Financial Planning,Wealth Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Medicare Planning,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Portfolio Engineering,401k Rollover From Employer,Income for Life/ Preserve Principal

Data Provided by:
Mr. John L. Cote (RFC®), CEP, CSA, MBA
(843) 467-2881
1200 48th Ave N Unit 102
Myrtle Beach, SC
Company
FinancialNsights, Inc.
Qualifications
Education: B.S. Accounting - Clemson University 1975M.B.A. Duke University - 1988
Years of Experience: 12
Membership
IARFC, MDRT, FPA, NICEP
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Charitable Planning, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
HP Bryan
22 Pond View Drive
Pawleys Island, SC
Company
Title: Finanical Advisor
Company: Bryant Investment Management Group, LLC
Type
Investment Advisor Rep: Yes
Education
Miami University BS
St Petersburg State University, Russia M. Ed.
St Petersburg State University, Russia Ph.D.
Years Experience
Years Experience: 5+
Service
Disability Insurance,Retirement Planning,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Business Income Tax Planning,Fee-Only Comprehensive Financial Planning,Annuities,Alternative Asset Class Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Hourly Financial Plannin

Data Provided by:
Data Provided by:

Charitable Deduction Information

IRS Charitable Deductions

The tax code in the United States contains many provisions to promote certain behavior. One area of behavior is the promotion of donating to charities through IRS charitable deductions.

In the rush to get tax returns prepared and filed, many people absentmindedly forget to include deductions for contributions to charities. If you itemize deductions on your tax return, this can be an expensive omission.

Pursuant to relevant provisions of the tax code, you can take significant deductions if you donate money or goods to a qualified charity. A qualified charity is one that is registered with the IRS as a 501c3 entity. The 501 designation refers to the relevant section of the tax code.

Importantly, not all charitable organizations are qualified with the IRS. You can go to the IRS web site and search through a list to see if a particular group is included. If they are not, red flags should go be raised.

Before claiming your deduction for donations, there are a couple of things to keep in mind:

1. Politics - You may feel strongly about certain political ideologies, issues or candidates. You can contribute to the causes, but you can't deduct the contributions as charitable giving.

2. You can only deduct contributions actually made for the year in question. If you forgot to claim donations on your tax return for the 2009 year, you cannot claim them on a 2010 return. Instead, you should go back and amend the 2009 return.

3. If you make a contribution for a good or service, you can only deduct the amount you contribute which is in excess of the fair market value of the good or service. For instance, many charitable groups will hold auctions to raise money. If your winning bid for a two night hotel stay is $800, you can claim a deduction for the bid amount minus the normal cost. You cannot just write off $800.

4. In general, donations of stock or property should assigned the fair market value, not an arbitrary figure based ...

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Opinion Corner
Tax Payers in South Carolina shared their opinions about Government
Was the service you received worth the fee you paid?
Yes: 50%
No: 50%
What are the reasons you have not consulted an IRS settlement/mediation service?(Select all that apply)
Cannot afford it: 11%
Do not need it: 66%
Think it is a scam: 11%
Do not know what that is: 11%
Not sure: 0%
Would you use an IRS settlement/mediation service if there was no upfront fee?
Yes: 44%
No: 22%
Need more information: 33%
Source: Survey.com