Qualified Charitable Distributions

By |2022-08-18T08:47:11-04:00November 16th, 2011|Taxation|

IRA owners and beneficiaries who have reached age 70 ½ are permitted to make cash donations to IRS-approved public charities directly out of their IRAs.  These so-called qualified charitable distributions, or QCDs, are federal-income-tax-free to you, but you get no itemized charitable write-off on your tax return. But, that’s okay because the tax-free treatment of [...]

Which is best for your Business: Section 179 or 100% Bonus Depreciation?

By |2011-11-09T09:20:52-05:00November 9th, 2011|Taxation|

Taxpayers who acquire assets for use in their trade or business activity have a very good chance of writing off the entire cost, thanks to 100% bonus depreciation plus very generous Section 179 deductions limits.  If there is a choice between them, this article will help determine which of these options is most beneficial.  First, [...]

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