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Friday, April 19, 2013

Donor Controlled Charitable Donations

Recently I have been researching, using the Internet, the issue of charitable contributions received by a church for a church-approved designated purpose, but sub-earmarked by the donor for a named individual’s costs of participation (in this case a medical mission trip abroad). Before retirement in 2007, I had access to one or more of the major tax services for such research. Most of the cites I’ve discovered are individual organization’s (often churches) websites citing their policy. Different groups reach different conclusions.

I did discover the Supreme Court case relative to Mormon Church mission endeavors being funded by the parents of the participants. In that case the funds were being spent directly, though the mission was under the auspices of the church.

Of the organizations concluding the such a specific designation fails as to the issue of ‘control’ and refers to that issue as the IRS position, I didn’t discover IRS wording to that effect in Publication 526.

I seem to recall, from researching the issue in years’ past, that there were a plethora of cases on point.

Does anybody have access to litigated documentation of the issue, or to Publications other than 526 that are on point?

Monday, April 08, 2013

Tax Reform per Wall Street Journal article on today

From near end of article:
There are skeptics who question the prospects for bipartisan tax reform. We know we face some fierce headwinds. People from across the spectrum are trying to turn tax reform into a political weapon, which could end up killing any chance at success.

We can't let that happen. Tax reform can't be about politics. It has to be about the people we serve, about boosting the economy, about creating jobs in Montana, Michigan and across America. It has to be about restoring some trust in the process of government.

C. Eugene Prescott observation: I suppose I am among the skeptics as actual 'reform' has not happened since I entered tax practice in 1960.

Saturday, April 06, 2013

5 Steps to Cutting Costs Through Open Source: DIY Drones

Peter H. DiamandisFeb 14, 2013 -

In this blog, I'm continuing my exploration of what Chris Anderson's company DIY Drones has done in using open-source methods to create products that are exponentially less expensive to make.

Thursday, April 04, 2013

ADP Reports 158K Private Sector Jobs For March 2013

ADP also revised its job numbers for January and February on Wednesday, with February’s gain of 198,000 jobs revised up by 39,000 to 237,000, and January’s 215,000 gain revised down nearly an equal amount by 38,000 to 177,000.