Charity Contribution Tax Deductions for Individuals Research Paper

Charity Contribution Tax Deductions for Individuals - Research Paper Example IRS, organizations that legally qualify to receive charitable contributions that tax system would allow as deductions includes registered churches and government organizations. However, the IRS accepts application for organizations who would wish to qualify as charitable after they apply and legally get an approval letter. Otherwise, the IRS would reject deductions for any charitable contributions submitted to the aforementioned organizations. It is imperative to understand that IRS would only accept charitable contributions that taxpayers have submitted to qualified organizations. Therefore, IRS would not deduct charitable contributions made to political organizations, political candidates, and individuals. Apparently, taxpayers who donate property instead of cash to legally qualified organizations have the right to claim tax deductions on their taxable income based on fair market value. Fair market value relates to the inherent price that a property would remain in transaction between a willing seller and buyer (Rosen 230). Normally, IRS rejects individuals deductions for charitable contributions relating to property donations mainly because the latter’ claims don not conform to the fair market value. It is important for taxpayers to determine appropriately the fair market value for property donated before claiming charitable deductions. Otherwise, IRS would reject application for deductions related to property donations in cases where taxpayers do not inclusively calculate the current fair market price of the donations. Majority of court cases involving IRS denying deduction of charitable contributions on taxpayer’s taxable income involves poor timing by the latter. According to IRS, taxpayers who wish to have their charitable contributions deducted on taxable income must submit the documentations and legal requirements detailing the contributions before close of tax year. Timing contribution before close of an individual’s tax year is imperative in

Classical Greek Antiquity and Greek-Cypriot Identity Essay

Classical Greek Antiquity and Greek-Cypriot Identity - Essay Example Western societies are all indebted to ancient Greece. The Greeks were the primary nation to develop the concepts of opinionated independence and egalitarian government. It all started in Athens Greece. Because the Greeks esteemed superiority in style, they support the advancement of an assortment of aptitudes. For the Greeks, to direct a complete existence, a person should be able to talk about philosophy, be acquainted with mathematics, be glad about arts, take part in community dealings, and hang about high-quality physical shape. Simultaneously, The Greeks look forward to individuals exerting every effort in keeping with lofty principles of distinction. The Greeks had affirmations that human beings are apt to get done grand achievements in this physical universe. They set importance to restraint and temperance. The Greeks concept of superiority requires brainpower, effort, and strength of will. Greek poets and playwrights portray and expressed their great adherence to exceptional standards of bravery and honour. Poetry is an important part of Greek religious festive occasions. Dances and songs were presented as poems were chanted in chorus which eventually turned into plays. Subsequently, dramas were featured and staged by actors and actresses on open theatres of as large as twenty thousand crowds of unclassified personalities from sunrise to sunset. History inscription is another significant style of Greek literature. The Greeks were the first people to carefully study and write about past events, facts, while understanding human actions and intentions. They emphasized accurate reporting of events in their writings. The Greeks hands were outstanding in arts and architecture. Up to these days their works of art and architecture are used as models and patterns for designing projects of commercial and aesthetic values. The love of wisdom comes from the Greeks who initiated philosophy by studying nature. Mere explanations did not satisfy their curiosity. They believed that natural laws exist for nature to follow. Consequently, Greek philosophers and scientific scholars investigated diverse fields which resulted to their great influence on modern day scientific way of understanding nature. In the present day, a travel from Piraeus to Athens to see the great island of Greece, one would enjoy the comfort of a speedy, air-conditioned, smooth ride along stretches of jam-packed, low-rise, colourful houses that seems to stifle and choke the ecosystem. The grandeur that was Greece was gone to daybreaks of women hanging hundreds of laundries and linens in every space available regardless social ethics (Hirschon, and Herzfeld 1998). The