During the past three months, there have been several huge changes in the tax rules that may affect you. Call us for more information about these developments and how you can best make them work for you. Continue reading Changes for the 2014 Tax Filing Season
There are special IRS rules pertaining to gifts in kind for the recipient nonprofit and the donor.
The recipient nonprofit organization can only acknowledge the date of receipt, description of the property, and its standing as a public charity eligible to receive donations from the public. The assertion of the value of the property rests entirely on the donor.
The donor claiming a charitable deduction must comply with several steps. For any property donated with a purported value > $5,000, certain formalities must be followed in order to support the claiming of the charitable deduction by the donor. These formalities fall to the donor to ensure full compliance and are summarized in the following steps: Continue reading Special Rules Regarding Gifts In Kind
If you’ve been thinking about rolling over your traditional IRA from one financial institution to another, there are a number of things you should think about when doing so. There are a number of mistakes that occur here, which can incur unnecessary taxes and penalties, that you will definitely want to avoid. Check out some of the most important things to know about IRA rollovers, below. Continue reading Common Considerations for IRA Rollover
