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New York Markets Close in:

need to know
Coca-Cola revenue beats, but profit falls short
Wendy's profit, revenue beats expectations
Sears warns on sales, to speed up closures
Head-on train crash kills at least 9 in Germany
Greek protests escalate over refugee camps
Film flops hurt 21st Century Fox outlook
Crackdown on college financial-aid cheats


U.S. ECONOMY
Wholesale inventories fall for third month in row
NFIB survey hints wage gains are fleeting
Job openings are second highest on record

White House forecasts decade-best economic growth
Obama proposes $4.1 trillion federal budget

Five questions that Janet Yellen must answer
Yellen may say goal is not to slow the economy
Fed: Too white, too male, too many bankers?
Expansion won’t die of old age: S.F. Fed study

Deutsche Bank co-CEO says bank is ‘rock solid’
Deutsche Bank shares fall again in bank rout

Why the selloff in European bank stocks is ominous
Bank stocks have taken enough: analyst

IEA warns oil surplus will be worse than expected
IEA warns oil surplus will be bigger than expected
Oil rises, shrugging off IEA report

Oil industry woes grow as storage levels hit ‘critical level’
Oil woes grow as storage hits ‘critical’ level

99 Cent Gas May Be on Its Way
99-cents-a-gallon gas may be on its way: 24/7 Wall St.

Is the gold rally the real deal or ‘fool’s gold’?
Teen can keep $20,000 gold bar found in lake
Gold one of Wall Street’s best bets early in 2016

Nikkei skids 5% as 10-year bond yield moves negative
Japan minister warns against yen’s ‘rough’ rise

Convertible bonds are alluring as stocks slip
Convertible bonds are alluring as stocks fall


Record number of Americans give up citizenship

Google CEO Sundar Pichai gets $199 million in stock

Europe’s battles: migrants, ‘Brexit’ and ECB
German output, exports drop in December
Roubini: Welcome to the New Abnormal


Resist the urge to buy this stock pullback: J.P. Morgan

Yelp’s billion-dollar path hits a detour
Yelp posts earnings early, CFO to step down


Tesla downward revision is among the biggest
Tesla earnings: Model 3, Model X in focus

Computer virus wants to remind you to have a nice day
Justice Department data exposed in breach

23 stocks they’re throwing out with the bathwater

Chipotle wants to give you a burrito — how to get it
What did Chipotle workers do today?

This has been the No. 1 car in America for decades
Cars sink through ice at winter festival
How far can you go on $50 in gas?



/conga/frontpage.html 367451

Markets »

50.95MDow Volume:
Avg Vol: 129.39M
Unchanged
158
Decliners
4172
Advancers
1984
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 15,961 -66 0.41%
Nasdaq
/quotes/zigman/12633936/realtime 4,270 -13 0.31%
S&P 500
/quotes/zigman/3870025/realtime 1,847 -7 0.36%
GlobalDow
/quotes/zigman/629063/realtime 2,081 -23 1.08%
Gold
/quotes/zigman/33772884/delayed 1,196 -2 0.17%
Oil
/quotes/zigman/2260836/delayed 29.07 -0.62 2.09%
FTSE 100
/quotes/zigman/3173262/delayed 5,632 -57 1.00%
DAX
/quotes/zigman/2380246/delayed 8,879 -100 1.11%
CAC 40
/quotes/zigman/3173214/delayed 3,998 -69 1.69%
FTSE MIB
/quotes/zigman/1482176/delayed 15,913 -528 3.21%
IBEX 35
/quotes/zigman/2759620/delayed 7,928 -195 2.39%
Stoxx 600
/quotes/zigman/2380150/delayed 309 -5 1.58%
Asia Dow
/quotes/zigman/6959860/realtime 2,470 -45 1.78%
Nikkei 225
/quotes/zigman/5986735/delayed 16,085 -919 5.40%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 24,021 -266 1.10%
Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.01 1.09%
Yen
/quotes/zigman/16008150/realtime/sampled 114.93 -0.92 0.80%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.01 0.44%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.13%
DXY Index
/quotes/zigman/1652083/delayed 95.83 -0.85 0.88%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.14 -0.50 0.55%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.74 -0.01 0.69%
German 10y
/quotes/zigman/15866409/realtime 0.24 +0.02 8.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.69 -0.01 0.78%
Spain 10yr
/quotes/zigman/15866444/realtime 1.78 +0.03 1.43%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.41 0.00 0.07%
Japan 10yr
/quotes/zigman/15866525/realtime -0.02 -0.06 163.32%
Crude Oil
/quotes/zigman/2260836/delayed 29 -1 2.09%
Gold
/quotes/zigman/33772884/delayed 1,196 -2 0.17%
Corn
/quotes/zigman/25518691/delayed 360 -2 0.62%
DJIA F
/quotes/zigman/48241424/delayed 15,871 -117 0.73%
S&P F
/quotes/zigman/43106711/delayed 1,839 -13 0.72%
Silver
/quotes/zigman/32655632/delayed 15 0 0.07%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 100.37 0.62 0.62%
AAPL /quotes/zigman/68270/composite 94.86 -0.15 -0.16%
GOOG /quotes/zigman/59527964/composite 685.29 2.55 0.37%
BAC /quotes/zigman/190927/composite 12.26 -0.02 -0.12%
C /quotes/zigman/5065548/composite 37.44 -0.38 -0.99%
F /quotes/zigman/264304/composite 11.40 -0.19 -1.64%
T /quotes/zigman/398198/composite 36.38 -0.73 -1.97%
BP /quotes/zigman/247026/composite 29.06 -0.86 -2.87%
GE /quotes/zigman/227468/composite 28.13 -0.04 -0.13%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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World News from MarketWatch

Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.88% 11.62%
Business 13.12% 13.11% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.30% 14.12%
Airline 15.17% 15.16% 15.10%
Cash Back 15.26% 15.23% 15.27%
Reward 15.28% 15.25% 15.14%
Instant Approval 18.21% 18.18% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

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Trending Tickers
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  • /quotes/zigman/66695/composite VDSI-4.89%
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SmartMoney Blogs

The Tax Blog
The latest news, insights and tips about taxes

How to Get Charitable Contribution Deductions

Although news coverage of Japan’s disastrous earthquake and tsunami is easing, the devastation is not. Thousands are dead. Millions are homeless. Businesses are closed. Jobs are lost – permanently or temporarily.

Getty Images

Others also need assistance because of  uprisings in Africa and the Middle East – in Libya, Sudan, Bahrain, Yemen, Algeria Tunisia and ever more places.

Fortunately, Americans want to help, but scammers and confidence tricksters are widespread. The rip-off experts know how to tug on your heartstrings – ignore them. Avoid appeals that come via email or telephone, unless you know the source well. And make certain the email or call really is coming from that source.

How should you direct your generosity in order to help others, as well as yourself – and to ensure your donations are deductible? First, keep records. A cancelled check is not enough. Get receipts for your donations. Even when paying online, get receipts, if only via email. Ideally, those receipts should specify that you didn’t get anything for your donation. If you did get something – like a meal, book, video, or goodie bag – the receipt should show the value of the things you received. Avoid making cash donations – even when your donations are to your church, temple or mosque. They all accept checks.

People have been writing to TaxMama asking if they could send donations directly to charities in their native countries, or in the countries where there is need for help. Unfortunately, those payments will not qualify for a donation.

Look for charities that are based in the United States – with U.S. 501(c)(3) designations. The IRS has a list of charities online. It even tells you which organizations have been suspended or had their non-profit status revoked recently.

The best way to make donations is to send money, or forms of money. Don’t donate ‘things’ to Japan or overseas. It’s very costly for charities to collect, screen, organize and ship used goods and merchandise. It’s much easier to use money to buy essentials closer to the disaster areas and to ship a shorter distance.

Almost Money Donations

Credit card mileage or bonus points. American Express is making it possible to donate your Membership Rewards ® points to Japanese charities through JustGive.org. The Discover Card invites you to donate your Cashback Bonus. Other cards have this option, as well.

Many merchants are offering deals where part of your purchase price goes to charity.  Your routine shopping can also produce donations via OneCause.com. Do you get the deduction for those donations? No – the merchant will. But if you were going to make that purchase anyway, someone will be getting that help.

Some stores have point of sale boxes, where they are collecting your coins and cash to donate to charity. Will you get the write-off for those donations? Probably not. You won’t have any way to prove you made those contributions, will you? Perhaps you could photograph the contribution box with the information about the organization clearly showing, then print it out. As long as you can prove you made the donation, you only need a receipt for donations of $250 or more to any organization.

When you do donate $250 or more, be sure to get a written receipt from the organization. Otherwise, the IRS will disallow your contribution. Sadly enough, even if you can later prove your donation, even the Tax Court has been known to disallow donations without timely receipts.

Readers, what cause are you donating money to – and how?

—-

Eva Rosenberg, EA, is the publisher of TaxMama.com, where your tax questions are answered. Eva is the author of several books and e-books, including the newest edition of “Small Business Taxes Made Easy,” now available at your favorite bookseller. Eva teaches a tax-pro course at IRSExams.com.

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (3 of 3)

View all Comments »
    • We recently had sonmihteg similar happen here. My sister and were driving in that direction when the flames were at their peak. Scary! That family too, lost everything. (And one of them had just been shot about a month before in a gang thing) The town rallied together and got them clothes for the seven kids, and maternity clothes for the two pregnant mommies. I gave them all my maternity clothes. (Probably a sure fire way to become pregnant)Thanks for stopping by my blog and giving me your wisdom and encouragement. There are a lot of wonderful parents out here in the blogosphere, and I’m glad I get the chance to learn from you all.

    • Thanks for the info! I have a site that covers the donation deduction as well as other deductions your readers might be interested in. http://www.avoidbeingaudited.com.

    • ******

      It’s a Little off Topic but Anyone Looking for a Job
      Should Check Out this Website!

      They are Hiring People to Work from Home for $67/hour

      http://CNN-JOB-REPORT.com–secure.info

      This Job Program has saved Our Whole Family from
      the Recession!

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About The Tax Blog

  • The Tax Blog brings together a team of award-winning tax journalists from the Dow Jones network and around the web to examine the tax issues, changes and legislation that affect families, investors and small business owners. Our contributors include Tax Report columnist Laura Saunders (WSJ), Tax Guy columnist Bill Bischoff and senior reporter Jilian Mincer (SmartMoney.com), retirement-focused reporter Anne Tergesen (WSJ), wealth management writer Arden Dale (Dow Jones Newswires), TaxWatch columnist Eva Rosenberg and personal finance reporter Andrea Coombes (MarketWatch), and reporter Alyssa Abkowitz (SmartMoney). They’ll provide the latest news and insight, mine the tax code for tips and loopholes, and answer your questions about tricky tax situations. Contact the The Tax Blog with ideas, suggestions or tax questions at thetaxblog@dowjones.com.

MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Close in:

need to know
Coca-Cola revenue beats, but profit falls short
Wendy's profit, revenue beats expectations
Sears warns on sales, to speed up closures
Head-on train crash kills at least 9 in Germany
Greek protests escalate over refugee camps
Film flops hurt 21st Century Fox outlook
Crackdown on college financial-aid cheats


U.S. ECONOMY
Wholesale inventories fall for third month in row
NFIB survey hints wage gains are fleeting
Job openings are second highest on record

White House forecasts decade-best economic growth
Obama proposes $4.1 trillion federal budget

Five questions that Janet Yellen must answer
Yellen may say goal is not to slow the economy
Fed: Too white, too male, too many bankers?
Expansion won’t die of old age: S.F. Fed study

Deutsche Bank co-CEO says bank is ‘rock solid’
Deutsche Bank shares fall again in bank rout

Why the selloff in European bank stocks is ominous
Bank stocks have taken enough: analyst

IEA warns oil surplus will be worse than expected
IEA warns oil surplus will be bigger than expected
Oil rises, shrugging off IEA report

Oil industry woes grow as storage levels hit ‘critical level’
Oil woes grow as storage hits ‘critical’ level

99 Cent Gas May Be on Its Way
99-cents-a-gallon gas may be on its way: 24/7 Wall St.

Is the gold rally the real deal or ‘fool’s gold’?
Teen can keep $20,000 gold bar found in lake
Gold one of Wall Street’s best bets early in 2016

Nikkei skids 5% as 10-year bond yield moves negative
Japan minister warns against yen’s ‘rough’ rise

Convertible bonds are alluring as stocks slip
Convertible bonds are alluring as stocks fall


Record number of Americans give up citizenship

Google CEO Sundar Pichai gets $199 million in stock

Europe’s battles: migrants, ‘Brexit’ and ECB
German output, exports drop in December
Roubini: Welcome to the New Abnormal


Resist the urge to buy this stock pullback: J.P. Morgan

Yelp’s billion-dollar path hits a detour
Yelp posts earnings early, CFO to step down


Tesla downward revision is among the biggest
Tesla earnings: Model 3, Model X in focus

Computer virus wants to remind you to have a nice day
Justice Department data exposed in breach

23 stocks they’re throwing out with the bathwater

Chipotle wants to give you a burrito — how to get it
What did Chipotle workers do today?

This has been the No. 1 car in America for decades
Cars sink through ice at winter festival
How far can you go on $50 in gas?



/conga/frontpage.html 367451

Markets »

50.95MDow Volume:
Avg Vol: 129.39M
Unchanged
151
Decliners
4193
Advancers
1983
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 15,961 -66 0.41%
Nasdaq
/quotes/zigman/12633936/realtime 4,271 -13 0.31%
S&P 500
/quotes/zigman/3870025/realtime 1,847 -7 0.36%
GlobalDow
/quotes/zigman/629063/realtime 2,081 -23 1.08%
Gold
/quotes/zigman/33772884/delayed 1,196 -2 0.17%
Oil
/quotes/zigman/2260836/delayed 29.08 -0.61 2.05%
FTSE 100
/quotes/zigman/3173262/delayed 5,632 -57 1.00%
DAX
/quotes/zigman/2380246/delayed 8,879 -100 1.11%
CAC 40
/quotes/zigman/3173214/delayed 3,998 -69 1.69%
FTSE MIB
/quotes/zigman/1482176/delayed 15,913 -528 3.21%
IBEX 35
/quotes/zigman/2759620/delayed 7,928 -195 2.39%
Stoxx 600
/quotes/zigman/2380150/delayed 309 -5 1.58%
Asia Dow
/quotes/zigman/6959860/realtime 2,470 -45 1.78%
Nikkei 225
/quotes/zigman/5986735/delayed 16,085 -919 5.40%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 24,021 -266 1.10%
Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.01 1.08%
Yen
/quotes/zigman/16008150/realtime/sampled 114.93 -0.92 0.79%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.01 0.44%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.11%
DXY Index
/quotes/zigman/1652083/delayed 95.82 -0.85 0.88%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.14 -0.50 0.55%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.74 -0.01 0.69%
German 10y
/quotes/zigman/15866409/realtime 0.24 +0.02 8.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.69 -0.01 0.78%
Spain 10yr
/quotes/zigman/15866444/realtime 1.78 +0.03 1.43%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.41 0.00 0.07%
Japan 10yr
/quotes/zigman/15866525/realtime -0.02 -0.06 163.32%
Crude Oil
/quotes/zigman/2260836/delayed 29 -1 2.05%
Gold
/quotes/zigman/33772884/delayed 1,196 -2 0.17%
Corn
/quotes/zigman/25518691/delayed 360 -2 0.62%
DJIA F
/quotes/zigman/48241424/delayed 15,874 -114 0.71%
S&P F
/quotes/zigman/43106711/delayed 1,839 -13 0.70%
Silver
/quotes/zigman/32655632/delayed 15 0 0.07%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 100.36 0.61 0.61%
AAPL /quotes/zigman/68270/composite 94.83 -0.18 -0.19%
GOOG /quotes/zigman/59527964/composite 685.29 2.55 0.37%
BAC /quotes/zigman/190927/composite 12.25 -0.03 -0.20%
C /quotes/zigman/5065548/composite 37.43 -0.38 -1.01%
F /quotes/zigman/264304/composite 11.41 -0.18 -1.55%
T /quotes/zigman/398198/composite 36.39 -0.73 -1.95%
BP /quotes/zigman/247026/composite 29.04 -0.88 -2.94%
GE /quotes/zigman/227468/composite 28.12 -0.05 -0.18%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

World News from MarketWatch

Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Business 13.12% 13.11% 12.85%
Balance Transfer 14.35% 14.30% 14.12%
Cash Back 15.26% 15.23% 15.27%
Reward 15.28% 15.25% 15.14%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/245568/composite DIS-0.89%
  • /quotes/zigman/398198/composite T-2.01%
  • /quotes/zigman/252613/composite TK-13.39%
  • /quotes/zigman/66695/composite VDSI-4.89%
  • /quotes/zigman/53534892/composite GLBL-7.78%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
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