As a business, this company partnered with Charity Deductions to create a way for clients to use the contributions they make to charities as deductions. This partnership allows people access to a huge database of information.
The database includes the market value of charitable donations so people can easily find what pertains to their contributions and just import the information directly into their taxbrain form.
The Vice President of the tax service has stated that people have always had a difficult time in calculating their donations and placing them into their various forms for tax purposes. This is especially hard when people donate merchandise that does not carry a specific price tag. The database provides monetary values they can use with confidence when filling out their forms.
More Internal Revenue branches are cracking down on the claims people make in the hopes of getting more money out of the government. One area that was always questionable was the area of non-monetary donations. The new combined service allows people to list their values with confidence.
Many items people donated in the past were valued far below what they were actually worth, which gave the individual a lower refund amount. Now, they can get back what they really deserve to receive. This system works for people who efile taxes as well as for those who still use the paper forms.
The Advantage Of Using Taxbrain If You Make Charitable Donations