Articles
Free Money For College Students
Free Money For College Students College. Tuition, books, housing, computer, food, etc… Sound familiar? These items are just a few of the many frequent expenses encountered in a student’s college career. The government made education credits to try and offset these expenses by giving tax benefits to them. From a tax standpoint, Education credits have…
When Good Fortune Comes Your Way
When Good Fortune Comes Your Way Whether expected or not, an inheritance, divorce settlement, severance package or pension payout, proceeds from the sale of a business, life insurance, legal judgments, or even lottery winnings—all can put in your hands the equivalent of several years of earnings. Now you’re at a crossroads—suddenly called upon to switch…
Rising prices make inflation-protected securities more attractive
Rising prices make inflation-protected securities more attractive High oil and gasoline prices combined with trouble in the Middle East, saber-rattling by North Korea, and a slowing housing market have many investors worried anew about inflation. Inflation is an ugly creature; when it spins out of control, it can quickly erase gains built up over years…
India Gets Help From the IRS to Track Down So-Called “Black Money”
India Gets Help From the IRS to Track Down So-Called “Black Money” We’re all aware of the U.S. government’s efforts to bring home tax dollars from those who either hold or earn money in foreign countries. Whether a company or an individual taxpayer is open about their money or purposely trying to hide it, the…
Strategic Asset Management With a Revocable Living Trust
Strategic Asset Management With a Revocable Living Trust Developing a sound investment management strategy is more than allocating assets and diversifying among the various asset classes. It is also about attaining your financial goals in life. The long-term security of your family is likely to be a key goal. To reach it, you want to…
A Safer Way to Invest in Stocks
A Safer Way to Invest in Stocks Investing in stocks can be really risky—particularly when somebody invests a lot of money at once and expects quick results. But it’s also true that investing in stocks can be surprisingly safe for certain investors. The men and women who are putting regular amounts into stock funds through…
IRS Makes It Difficult to Use “Separate Share” Trusts
IRS Makes It Difficult to Use “Separate Share” Trusts By Mary Kay Foss California CPA, August 2003 The IRS has issued a series of private letter rulings (LTRs 200317041, 200317043, 200317044) this year that make it difficult to use “separate share” trusts. A separate share trust is a trust named as an IRA beneficiary that…
Deductions Available to Collectors at Charity Auctions
Deductions Available to Collectors at Charity Auctions Posted: 7/25/11 Collectors who want to make donations may consider donating artwork and collectibles to charity auctions. If this is something you are thinking about and would like to take full tax benefits, the following tips may help. Making Donations to Charitable Organization Auctions: 1. Make sure you…