Make a Difference for Generations to Come
Make a Difference for Generations to Come
Ways You Can Give to Make a Difference
Planned Giving
About Bequests
You may be looking for a way to make a significant gift to help further our mission. A bequest is a gift made through your will or trust. It is one of the most popular and flexible ways that you can support our cause.
IRA Charitable Rollover
An IRA rollover allows people age 70 1/2 and older to reduce their taxable income by making a gift directly from their IRA.
Beneficiary Designations
A beneficiary designation gift is a simple and affordable way to make a gift to support our cause. You can designate our organization as a beneficiary of a retirement, investment or bank account or your life insurance policy.
Charitable Gift Annuities
A charitable gift annuity is a great way you can make a gift to our organization and benefit. You transfer your cash or property to our organization and we promise to make fixed payments to you for life at a rate based on your age.
Donor Stories
Learn how others have made an impact through their acts of giving to our organization and others. Explore the many benefits of charitable gift planning.
Gift Options
Find out What to Give and learn about the best assets to make a planned gift. Learn about gifts of cash, securities and property. Learn How to Give and discover gift options that provide tax and income benefits. Discover the best planned gift to meet your goals.
Monday April 29, 2024
Washington News
New IRS Voluntary Tip Reporting Program
The tip reporting program is designed to work together with companies that have point-of-sale systems or electronic payment settlement methods. The IRS encourages employers who have these point-of-sale systems to use the new SITCA program to facilitate the reporting of tips.
The proposed program requires participating employers to submit an annual report that shows the tips for each employee. The participation in SITCA protects employers from liability that could exist if they do not report tips. It also is a flexible option that facilitates reporting employee tips.
SITCA would replace the Tip Rate Determination Agreement (TRDA), the Tip Reporting Alternative Commitment (TRAC) or the Employer designed TRAC (EmTRAC) program.
Employers that have existing agreements with the previous programs may continue to use them until (1) they voluntarily decide to participate in the SITCA program, (2) if the IRS determines that they are not in compliance with the prior program agreement or (3) until the first full calendar year after the final SITCA program revenue procedure is published.
Editor's Note: The word "voluntary" has a special IRS meaning. If the employer decides to use the SITCA program for tip reporting, it will be required for the employees. Many restaurants, hotels and other commercial organizations now use a point-of-sale reporting system. This enables them to compensate their employees appropriately for tips that have been earned. It is a tradition to provide tips for good service, but the IRS emphasizes that these tips are included as part of taxable income.
Previous Articles
IRS Reminder To Report Digital Asset Income
Free File Launched on January 13