CHICAGO, Nov. 1, 2012 /PRNewswire-USNewswire/ -- As we continue to watch the recovery efforts of Hurricane Sandy begin, there's a natural inclination to do whatever we can to help. Today's hi-tech world allows donations to be made quickly and easily through texting, tweeting, gaming, Facebooking, and even recognizable giants like Groupon and iTunes. The downside of technology is how easily it can be used against people for personal gain. Scammers are flooding email boxes with messages seeking donations and domains have been established to fool people into thinking they're legitimate donation sites.
Make sure your donation gets to the right place to be of maximum benefit to those in need and no harm is done to your personal finances and security by proceeding with a little caution and heeding these guidelines from the Illinois CPA Society:
As you would with any charitable donation, keep receipts and records. Check to make sure the right amount appears on your credit card bill, bank statement, or if texting, your phone bill. Keep those items on hand if you plan on taking a tax deduction for your charitable contribution on your 2012 tax return and be certain that the receiving organization is a qualified charity under IRS Code. Check www.guidestar.org for more information about charities recognized by the IRS.
When in doubt, check with a CPA for guidance on charitable giving. If you need a CPA, the Illinois CPA Society site, www.icpas.org, has a "Find a CPA" directory that can help you locate a professional in your area.
About the Illinois CPA Society
The Illinois CPA Society, founded in 1903, is the fourth largest state CPA Society in the nation, with more than 24,000 members. It is the premier professional organization that represents CPAs in Illinois. During its over 100 years of existence, the Society has advanced the highest ethical and financial standards of the profession, and has been a leader in educating the public on financial issues.
SOURCE Illinois CPA Society