- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
Many tax benefits are available to you when you sell your principal residence. However, the rules are complex and personal guidance is necessary to take full advantage of these benefits, so that you and your tax advisor can best work together to minimize the tax on the gain. This financial guide discusses the key rules […]
- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
This Financial Guide explains when and to what extent points paid on the purchase of a home or on a refinancing are deductible. It explains the rules for deducting points and discusses special circumstances and situations. Table of Contents What Are Points? Tests for Deductibility Non-Deductible Amounts Points Paid By Seller Funds Provided Are Less […]
- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
Annuities may help you meet some of your mid and long-range goals such as planning for your retirement and for a child’s college education. This Financial Guide tells you how annuities work, discusses the various types of annuities, and helps you determine which annuity product (if any) suits your situation. It also discusses the tax […]
- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
When must you start withdrawing the funds in your retirement plans? And what happens if the funds aren’t withdrawn before you die? To what extent will your heirs be taxed? The rules are complex but there are ways the savvy taxpayer can maximize the tax shelter. Table of Contents Withdrawal While You’re Alive Withdrawal After […]
- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
If you are thinking of retiring soon, you are about to make a major financial decision: how to take distributions from your retirement plan. This Financial Guide will discuss your various options. And, since the tax treatment of these distributions will influence your decision, we will also review the tax rules. Table of Contents Take […]
- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
Roth IRAs differ from other tax-favored retirement plans, including other IRAs (called “traditional IRAs”), in that they promise complete tax exemption on distribution. There are other important differences as well, and many qualifications about their use. This Financial Guide shows how they work, how they compare with other retirement devices–and why YOU might want one, […]
- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
How are distributions from mutual funds taxed? What happens when they are reinvested? How are capital gains on sales of mutual funds determined? This Financial Guide provides you with tips on reducing the tax on mutual fund activities. Table of Contents Tip #1: Keep Track of Reinvested Dividends Tip #2: Be Aware That Exchanges of […]
- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
There are a number of tax vehicles for turning charitable desires into tax deductions. While these techniques are quite complex, they can with the proper guidance provide substantial tax deductions. This Financial Guide provides an introductory view of the ways to maximize your tax deduction while satisfying your charitable goals. Table of Contents Planned or […]
- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
This Financial Guide discusses the rules that apply when you contribute property–as opposed to money–to charity and is meant to provide general information. Contact your tax advisor if you need tax planning assistance. Table of Contents Determining Fair Market Value Contributions Subject to Special Rules Donating Property That Has Decreased in Value Donating Property That […]
- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
Since charities ask for larger and more frequent donations from the public these days, soliciting by mail, telephone, television, and radio for example, they should be checked out before you donate money or time. Here are some tips on how to maximize your charity dollar and avoid scams. Table of Contents Giving Your Time Mail […]