James E. Newland, CPA

James E. Newland, Inc. is a certified public accounting firm, dedicated to providing clients with quality accounting, financial and tax services designed to improve the financial status of our clients.

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Location: Eastlake, Oh

James E.Newland, CPA is a graduate of Cleveland State University, Class of 1970, with a BBA in accounting. He received his CPA certificate in 1974 and is a member of the American Institute of Certified Public Accountants and the Accounting Research Association.

Tuesday, January 26, 2010

Hatian Relief Donations Qualify for 2009 Deduction

Taxpayers who make cash donations to charities providing earthquake relief in Haiti between January 11, 2010 and February 28, 2010 can choose to deduct these donations on their 2009 or 2010 tax returns, but not both. This deduction does not cover donations of property, but only cash given to local, not foreign, organizations.

You must itemize your deductions if you wish to claim this deduction. The Federal record keeping requirements are in effect. A copy of your telephone bill showing the name of the donee organization, the date of donation, and the amount of the donation will be acceptable for text donations. For all other cash donations, you need the bank record (cancelled check)or a receipt from the charity showing the name of the organization, the date of donation, and the amount of donation.

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