Archive for charities – Page 2

HOW TO GET OUT AND STAY OUT OF DEBT

| June 10, 2012 | 0 Comments

A major problem in our society today is DEBT.  It effects all of us directly or indirectly.  It keeps us up at night, tears families apart and creates havoc in our lives. While most of us can’t avoid debt; we can manage it by following these basic rules:   Spend Less Than You Earn – […]

SIMPLE WAY TO TRANSFER WEALTH

| May 18, 2012 | 0 Comments

We are now in the middle of a two-year window of an opportunity for you to transfer wealth to other individuals.  The three opportunities are as follows: Annual Exclusion Gifts – You can give up to $13,000 per year to as many people as you like.  The individual does NOT have to be a family […]

DEDUCTING CHARITABLE DONATIONS – WHAT YOU NEED TO KNOW

| May 7, 2012 | 0 Comments

Deducting Charitable Contributions may help reduce you tax burden if you keep good records and have the information that is needed should you be audited.  A legitimate deduction must be given to a qualified organization.  You CANNOT claim a deduction made to a specific individual, political organizations or candidates. To use this deduction you must […]

Opportunities for Public Charities

| September 1, 2011 | 0 Comments

Public charities such as churches can increase their assets over the long term by offering their congregation the opportunity to donate to the church and earn income at the same time. The public charity sets up a “pooled income fund.” The individual donates to the church (tax deduction for the taxpayer at the time the donation […]