Jan 12, 2018 | charities, donations, financial planning, tax deduction, taxable income, taxes
The recently passed ACT is the most sweeping tax legislation since 1986. I will attempt to summarize some of the features that I believe may impact you and your taxes in the years ahead. The provisions that affect individuals are temporary until 2026; those affecting...
Nov 1, 2016 | financial planning, tax deduction, taxable income, taxes, Uncategorized
During the year you may have been the recipient of unexpected funds (money!!!). Some are from a good fortune; others are from an unfortunate incident. If you have been involved in one of these situations there are tax consequences to consider. Some are short term...
Sep 14, 2015 | nonprofits, tax deduction, taxable income, taxes
We all enjoy hobbies OR, at least, I hope you have a an interest that you can pursue that makes your life bearable. Maybe I should use the term “makes your life interesting”. Hobbies are activities that you do for pleasure NOT for profit. Hobbies...
Sep 1, 2011 | charities, donations, financial planning, nonprofits, pooled funds, tax deduction, taxable income, taxes
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...
