Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how much you’re allowed to deduct. Your deduction depends on more than just the actual amount you donate.

In recent years, the IRS has increased its scrutiny of not-for-profits’ unrelated business income (UBI). Dividends, interest, rents, annuities and other investment income generally are excluded when calculating unrelated business income tax (UBIT). However, there are two exceptions where such income is taxable.
August 24, 2017 Stuart Mordfin, CPA, CGMA dividends, tangible personal property, interest, investment income, real estate, income producing asset, income producing property, controlled nonprofit, nonprofit, UBIT, unrelated business income, rents, annuities, unrelated business income tax, debt financed property, stocks, borrowed funds, acquisition indebtedness, unrelated trade or business, research activities, volunteer workforce, donated merchandise, neighborhood land rule, controlled organizations, for profit subsidiary, beneficial interest
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As you file your 2016 income tax return and plan your charitable giving for 2017, it’s important to keep in mind the available deduction. It can vary significantly depending on a variety of factors.

The Section 199 deduction is intended to encourage domestic manufacturing. In fact, it’s often referred to as the “manufacturers’ deduction.” But this potentially valuable tax break can be used by many other types of businesses besides manufacturing companies.
March 20, 2017 Ross DiMaggio, CPA BUSINESS, business tax, INCOME, taxable income, business sale, manufacturere's deduction, manufacturers, domestic production activites deduction, domestic production gross receipts, construction, enginerring, agricultural processing, architecture, united states, section 199 deduction, domestic manufacturing, valuable tax break, manufacturing companies, computer software production, tangible personal property
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