All posts by Jim

Chart of our nonsensical estate tax and gift tax laws….What will these tax laws be after 2012?

Estate Planning, Tax Planning

Below  is  a chart of our nonsensical estate tax laws.  Note the wildly different amounts that can pass (or did pass) without estate tax, depending solely on the year of death. Yet, over the last 31 years, the amount that can pass without estate tax has never gone down, starting with President Reagan to President … Continue reading Chart of our nonsensical estate tax and gift tax laws….What will these tax laws be after 2012? →

Back-to-School Tips for Students and Parents for Paying College Expenses

Estate Planning, Family, Tax Planning

Back-to-School Tips for Students and Parents Paying College Expenses From the IRS Whether you’re a recent high school graduate going to college for the first time or a returning student, it will soon be time to head to campus, and payment deadlines for tuition and other fees are not far behind. The IRS offers some … Continue reading Back-to-School Tips for Students and Parents for Paying College Expenses →

IRS Tips for Income Tax Deduction of Gifts to Charity

Tax Planning

Six Tips for Charitable Taxpayers From the IRS Contributing money and property are ways that you can support a charitable cause, but in order for your donation to be tax-deductible, certain conditions must be met.  Read on for six things the IRS wants taxpayers to know about deductibility of donations. 1. Tax-exempt status. Contributions must be … Continue reading IRS Tips for Income Tax Deduction of Gifts to Charity →