079: IRS Dirty Dozen Warnings on Charitable Scams

EO Radio Show

Welcome to EO Radio Show—Your Nonprofit Legal Resource. In this episode, Cynthia Rowland highlights some tax schemes designed to exploit both taxpayers and the Treasury. The Internal Revenue Service just wrapped up the 2024 Dirty Dozen campaign with a warning to taxpayers about several schemes, many of which purport to benefit charitable purposes.

Fraudulent schemes threatening taxpayers can take different forms, including exploitative agreements related to bogus art donations and improper application of the rules allowing charitable planning using charitable remainder trusts, as well as outright fraudulent charitable solicitations for scammers posing as charities.

Today’s episode brings you the IRS warnings on these topics and some advice on spotting the scams.

Show Notes:

EO Radio Show YouTube channel

Nonprofit State Filings YouTube playlist

IRS Dirty Dozen list

IRS Select Check site for checking Charity eligibility

Form 14242, Report Suspected Abusive Tax Promotions or Preparers

Mailing address for reporting abusive promotions: Internal Revenue Service Lead Development Center Stop MS5040 24000 Avila Road Laguna Niguel, California 92677 3405 Fax: [phone]

EO Radio Show #17: Charitable Contribution Substantiation Requirements and a Conversation About Art Appraisals With Sarah Vandeweerdt From Christie’s

EO Radio Show #71: Charitable Planning With Guest Stephanie Hood: Navigating Complex Rules and Traps for the Unwary

If you have suggestions for topics you would like us to discuss, please email us at [e-mail]. Additional episodes can be found at EORadioShowByFarella.com.

DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.