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Catholic Charities 2013 Appeal Reaches $10.2 Million; $500,000 Remaining to Reach Goal by June 30

With just about six weeks remaining before the close of the 2013 Appeal in support of Catholic Charities of Buffalo, the annual campaign has raised $10,231,128.55 in cash and pledges, or 95.6 percent of its $10.7 million goal. The most comprehensive human services organization in Western New York now asks the community to help raise the remaining funds – less than $500,000 – needed to meet the final goal by June 30.

National Grid Plants More Than 115 Trees at Tifft Nature Preserve to Help Tree Regeneration Project

National Grid Plants More Than 115 Trees at Tifft Nature Preserve to Help Tree Regeneration Project

More than 25 National Grid executives and employees assisted Tifft Nature Preserve ecological technicians and staff employees in the planting of more than 115 new trees at Tifft Nature Preserve in efforts to replace invasive trees with ecologically friendly species. The day of tree planting is just one example of the commitment National Grid has in Western New York to be an environmentally responsible and good corporate citizen.

National Grid’s tree planting volunteerism was in conjunction with Tifft Nature Preserve’s tree regeneration project which is being funded by a $300,000 grant from the Greenway Ecological Standing Committee (GESC).  The Committee is affiliated with the Niagara River Greenways Fund, established by the New York Power Authority as part of the re-licensing of the Niagara Power Project.

Permanent Food Vendors to Replace Winter Market at Horsefeathers

Permanent Food Vendors to Replace Winter Market at Horsefeathers

 

This is your last opportunity to visit the popular Winter Market at Horsefeathers, located at 346 Connecticut St. on Buffalo’s West Side, before it gives way to several permanent food vendors that will continue to serve the neighborhood. 

Permanent vendors currently in place include Martin Cooks, The Pasta Peddler and Blackbird Sweets. The first floor and basement will eventually host several additional food-related businesses and will also offer a community kitchen. The upper floors of the 115-year-old building will feature brand new apartments.

IRS Offers Tips for Dealing with Notices

IRS Offers Tips for Dealing with Notices

Each year, the IRS sends millions of letters and notices to taxpayers for a variety of reasons. Here are ten things you should know about IRS notices in case one shows up in your mailbox.

1. Don’t panic. Many of these letters require a simple response.

2. There are many reasons why the IRS sends correspondence. If you receive an IRS notice, it will typically cover a very specific issue about your account or tax return. Notices may require payment, notify you of changes to your account or ask you to provide more information.

3. Each notice offers specific instructions on what you need to do to satisfy the inquiry.

4. If you receive a notice advising you that the IRS has corrected your tax return, you should review the correspondence and compare it with the information on your return.

5. If you agree with the correction to your account, then usually no reply is necessary unless a payment is due or the notice directs otherwise.

Ten Facts about Adoption-Related Tax Savings

Adoption can create new families or expand existing ones. The expenses of adopting a child may also lower your federal tax. If you recently adopted or attempted to adopt a child, you may be eligible for a tax credit. You may also be eligible to exclude some of your income from tax. Here are ten things the IRS wants you to know about adoption tax benefits.

1. The maximum adoption tax credit and exclusion for 2012 is $12,650 per eligible child.

2. To be eligible, a child must generally be under 18 years old. There is an exception to this rule for children who are physically or mentally unable to care for themselves.

3. For 2012, the tax credit is nonrefundable. This means that, while the credit may reduce your tax to zero, you cannot receive any additional amount in the form of a refund.

Five Things to Know if You Need More Time to File

Five Things to Know if You Need More Time to File

The April 15th tax-filing deadline is here. Some taxpayers may find that they need more time to file their tax returns. If you need extra time, you can get an automatic six-month extension from the IRS.

Here are five important things you need to know about filing an extension:

1. Extra time to file is not extra time to pay.  You may request an extension of time to file your federal tax return to get an extra six months to file, until Oct. 15. Although an extension will give you an extra six months to get your tax return to the IRS, it does not extend the time you have to pay any tax you owe. You will owe interest on any amount not paid by the April 15 deadline. You may also owe a penalty for failing to pay on time.

Nine Tips on Deducting Charitable Contributions

Giving to charity may make you feel good and help you lower your tax bill. The IRS offers these nine tips to help ensure your contributions pay off on your tax return.

1. If you want a tax deduction, you must donate to a qualified charitable organization. You cannot deduct contributions you make to either an individual, a political organization or a political candidate

2. You must file Form 1040 and itemize your deductions on Schedule A. If your total deduction for all noncash contributions for the year is more than $500, you must also file Form 8283, Noncash Charitable Contributions, with your tax return.

3. If you receive a benefit of some kind in return for your contribution, you can only deduct the amount that exceeds the fair market value of the benefit you received. Examples of benefits you may receive in return for your contribution include merchandise, tickets to an event or other goods and services.