Category Archives: Gift
Financial future as a graduation gift? It’s easier than you think!
As you begin to shop for the new graduates in your life, consider the case below and think about giving them a step in the right financial direction. While many advisers look for Millionaires (I don’t mind working with them … Continue reading
Posted in Financial Planning, Gift
Tagged Financial Planning, Grads, Graduation gifts, help your kids
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Assisting Your Child Acquire a Home
If you are a parent who wants to assist your child in obtaining his or her first home, there are a number of ways you can help. 1. Help with the down payment – Real estate lending laws generally will … Continue reading
Posted in All Taxpayers, Gift, IRS Tips
Tagged gift planning, help your kids, Mortgage help, tax planning
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Eight tips for deductible charitable contributions
Donations made to qualified organizations may help reduce the amount of tax you pay. The IRS has eight essential tips to help ensure your contributions pay off on your tax return. 1. If your goal is a legitimate tax deduction, … Continue reading
Posted in All Service Providers, All Taxpayers, Daycare Providers, Gift, IRS Tips, Record Keeping
Tagged Charity, deduction, donations, IRS
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Make the Most of Business Gifts
Gifts you give to business associates are deductible up to $25 if you can show a business purpose for the expense or business benefit to be gained. (Married couples count as one person for this rule—you can’t deduct $25 for … Continue reading
Posted in Gift, Uncategorized
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Thinking about donating your car? Its not always what you think!
Rather than go through the hassle of selling an old car, you may get a tax deduction for donating the vehicle to a charity. An increasing number of charities have turned to car-donation programs. You may have seen ads from … Continue reading
Gift Tax? What? Who?
Below are some of the more common questions and answers about Gift Tax issues. The laws on Estate and Gift Taxes are considered to be some of the most complicated in the Internal Revenue Code. For further guidance, we strongly recommend … Continue reading
Posted in Gift
Tagged Enrolled Agent, Estate planning, FAQ, federal income tax, Gift tax, income tax return, internal revenue code
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Gifts to clients…..Not fully deductible????
As a Realtor you may find yourself giving gifts to clients and customers in the course of your business, particularly after a closing. What you may not know is that you can deduct only part of the cost of certain … Continue reading
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