Tax Planning | South Bay Elder Law

Forget About “Giving Away The Store,” Have You Considered Giving Away Your Residence?

by Christine | Jul 8, 2011 | Elder Law, Estate Planning, Medi-Cal Long Term Care, Tax Planning | 0 comments

The economy is starting to show some life in a number of sectors but, unfortunately for many, the housing market is not one of them. The good news for the crafty estate planner is that the poor housing market coupled with the tax laws that went into effect with last...

Happy 70 1/2 Birthday!! Your Present Is Your First Minimum IRA Withdrawal!

by Christine | Jun 28, 2011 | Estate Planning, Tax Planning | 0 comments

IRA owners turning 70 1/2 this year must comply with required minimum withdrawal rules — or pay a costly penalty. If you’re turning 70½ this year, get ready to start taking those mandatory annual payouts (your “required minimum distributions” or RMD’s) from your...

TAX PLANNING / CHARITY MUST PROPERLY ACKNOWLEDGE YOUR DONATIONS

by Christine | Jun 21, 2011 | Tax Planning | 0 comments

The tax rules are clear: In order for charitable gifts of $250 and above to qualify for a deduction, there must be a letter detailing the amount of the donation and affirming that no goods or services were provided in connection with this gift… Giving to charity can...

Next Entries »

Forget About “Giving Away The Store,” Have You Considered Giving Away Your Residence?

Happy 70 1/2 Birthday!! Your Present Is Your First Minimum IRA Withdrawal!

TAX PLANNING / CHARITY MUST PROPERLY ACKNOWLEDGE YOUR DONATIONS

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