There have been some notes from the IRS in the past few days that are worth keeping in mind as we go through the rest of this year.
In the wake of the tragedy at the Boston Marathon, as well as the devastating explosion of a fertilizer plant outside Waco, Texas, the IRS is warning the public to be careful when making donations to organizations who say they’re collecting money to aid the victims of these events. The IRS notes there are taking advantage of the public’s sense of sympathy toward the victims of these events to steal from the public. When making a contribution, be sure the charity is a qualified charity by checking the list at the IRS website. Also, don’t send or give cash, and never give out personal financial information when giving.
Also, the IRS announced that the Service will close entirely for 5 days between now and August, and potentially two more days in the fall, due to the automatic federal spending cuts known as sequestration.