Ledgible announces Form 8283 capabilities; Taxaroo touts AI tax advice solution as "ChatGPT for Taxes;" Paystand rolls out new AR and AP tools; and NetSuite launches NetSuite MyLearn.

For some noncash charitable gifts, Form 8283 (Noncash Charitable Contributions) must be filed. That form and its instructions are enclosed. The form is the latest available today. Before filing your ...

The Tax Court denied an art collector and dealer’s claimed charitable deduction for donated artwork because, it held, the taxpayer lacked reasonable cause for his failure to properly substantiate the ...

The Treasury Inspector General for Tax Administration (TIGTA) estimated that more than 273,000 taxpayers claimed $3.8 billion in potentially erroneous noncash charitable contribution deductions in tax ...

Last month, the IRS issued final regulations entitled “Substantiation and Reporting Requirements for Cash and Noncash Charitable Contribution Deductions,” codified as Treasury Regulation Sections ...

A report by the Treasury inspector general for tax administra­tion estimated that 60% of taxpayers who make noncash contributions aren't complying with reporting requirements, and it urged the IRS to ...

For information about Conrad Teitell's publications and lectures visit: taxwisegiving.com. For information about Cummings & Lockwood visit: cl-law.com. Now’s a good time to tell your clients how to ...