Federal Tax

Watch Out for Charity Fraud

When we give money to charity, we want it to be used wisely. Unfortunately, a great deal of money given to charity is stolen by criminals. Charity Fraud Awareness Week runs from Oct. 18-22 and the IRS is one agency highlighting the dangers. For example, cybercrime is on the rise and includes attacks on charities, their supporters, and beneficiaries. In addition, criminals create fake charities. You can find legitimate and qualified charities by using the IRS “Tax Exempt Organization Search” tool. There, you can check an organization’s eligibility to receive tax-deductible charitable contributions and find out other information about its filings. Here’s the tool. For questions, contact Cg. © 2021