{"id":1924,"date":"2023-10-18T13:20:26","date_gmt":"2023-10-18T18:20:26","guid":{"rendered":"https:\/\/www.nw-cpa.com\/?p=1924"},"modified":"2023-10-18T13:20:28","modified_gmt":"2023-10-18T18:20:28","slug":"art-deductions","status":"publish","type":"post","link":"https:\/\/www.nw-cpa.com\/?p=1924","title":{"rendered":"Art Deductions"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">A new scam aimed at art collectors promises tax deductions and discounted art prices along with special services provided by the dealer. Collectors should beware of aggressive promotions that seem too-good-to-be-true where tax deductions are involved. The IRS has multiple, current investigations involving these high dollar art sales businesses. Read more about claiming donated assets here: <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjgsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3Lmlycy5nb3YvcHViL2lycy1wZGYvcDU2MS5wZGYjX2JsYW5rIiwiYnVsbGV0aW5faWQiOiIyMDIzMTAwNS44MzY1MTUwMSJ9.vMBVC317lH2bwBKuCwr8O2HyENytBM44Ob7qRK3W43A\/s\/14141223\/br\/227490388756-l\">Publication 561, Determining the Value of Donated Property<\/a><a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/p561.pdf#_blank\">https:\/\/www.irs.gov\/pub\/irs-pdf\/p561.pdf#_blank<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjcsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3Lmlycy5nb3YvZm9ybXMtcHVicy9hYm91dC1mb3JtLTgyODMjX2JsYW5rIiwiYnVsbGV0aW5faWQiOiIyMDIzMTAwNS44MzY1MTUwMSJ9.RTxoSkUFaMbUaQLzd8mtH5wmNlCnVZ9GZDV4hW4H5Rk\/s\/14141223\/br\/227490388756-l\">Form 8283, Noncash Charitable Contribution<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new scam aimed at art collectors promises tax deductions and discounted art prices along with special services provided by the dealer. Collectors should beware of aggressive promotions that seem too-good-to-be-true where tax deductions are involved. The IRS has multiple, current investigations involving these high dollar art sales businesses. Read more about claiming donated assets &hellip; <a href=\"https:\/\/www.nw-cpa.com\/?p=1924\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Art Deductions<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":1926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[1598,1603,1604,1600,1602,69,1605,1601,1606],"class_list":["post-1924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-federal-income-tax","tag-art","tag-art-collectors","tag-art-dealer","tag-donation","tag-high-dollar","tag-irs","tag-non-cash-donations","tag-scam","tag-tax-write-off"],"_links":{"self":[{"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/posts\/1924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1924"}],"version-history":[{"count":1,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/posts\/1924\/revisions"}],"predecessor-version":[{"id":1927,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/posts\/1924\/revisions\/1927"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=\/wp\/v2\/media\/1926"}],"wp:attachment":[{"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nw-cpa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}