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March 30, 2023

When accounting goes unaccounted for

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cheerful givers

Taxes

Tax Case Shows It’s Better To Give Than To Receive Notification of an IRS Audit

by Greg Kyte

The Bible says God loves a cheerful giver, and the U.S. Tax Code says a cheerful giver loves the charitable contribution deduction. But according to the outcome of the recent case Durden v. Commissioner, the Tax Court hates both God and cheerful givers. According to an article in The Tax Adviser, here's what happened. In […]