by Christine | Jan 31, 2013 | Charitable Giving, International Law |
One of the most notable trends in philanthropy, according to the 2012 Giving USA Study of charitable giving, is that international giving has steadily grown despite a tumultuous economy. Thinking about going global with your charitable giving? When it comes to...
by Christine | Jan 28, 2013 | Charitable Giving, HIgh Income, Taxes |
While most people are fixated on tax rate increases adding to their income tax bill in 2013 and beyond, very few people are aware that the Pease limitation reinstatement can add to their income tax bills by phasing out some key itemized deductions. Although some areas...
by Christine | Jan 21, 2013 | Art, Charitable Giving, Estate Planning, Gift |
The Brooklyn Museum seemed to have garnered a bonanza in 1932 when it received a large bequest from the estate of Col. Michael Friedsam, president of the elegant retail emporium B. Altman. But eight decades later … the museum potentially faces a hefty bill to store...
by Christine | Jan 18, 2013 | Charitable Giving, Estate Planning, Fiscal Cliff, Individual Retirement Accounts (IRA) |
When it comes to taxes, never say die. As part of the "fiscal cliff" deal, Congress has resurrected a popular tax-law provision, known as the "IRA charitable rollover," that had expired at the end of 2011. New Year’s resolutions are chock-full of...
by Christine | Jan 14, 2013 | Charitable Giving, Fiscal Cliff |
America’s billionaires gave less in 2012 than in 2011, a new Chronicle tally shows. A new year of giving has begun, but many are curious about the sum from wealthy donors for 2012. The numbers are starting to come in — how did last year compare to 2011?...
by Christine | Jan 7, 2013 | Charitable Giving, Charitable IRA Rollover, Charitable Organization, Charitable Trust, Fiscal Cliff, Tax Deductions, Tax Exempt, Tax Planning, Taxes |
Unless an IRA is a Roth, the account owner must take yearly minimum required distributions starting at age 70½ and pay tax on the withdrawals. With the charitable IRA rollover, as it is called, the donation can count against the minimum required distribution...
