Insights

Juggling Appreciated Assets and Bequests

During your lifetime, donating appreciated assets to charity can make sense. As long as you have held those assets for more than one year, you’ll get a deduction for the assets’ current value.  The paper gain will avoid income tax. Example 1: Ava Brown wants to donate...

Learning About Mutual Fund Share Classes

Although some mutual funds are “no load,” meaning that there is no sales charge, others are load funds, with some type of sales charge. Many load funds have multiple share classes, with various compensation arrangements. If you’re buying a fund that has more than one...

The “Other” April 15 Deadlines

As you are probably aware, April 15, 2014, is the deadline for filing your 2013 federal income tax return. If you are not ready to file by then, you can obtain an automatic six-month extension until October 15 by filing IRS Form 4868 by April 15. Keep in mind that...

Underused Deductions for Business Owners

As the year begins, business owners should intensify their efforts to use every available tax deduction. Documentation is crucial, so keeping all relevant receipts will help. You also should maintain a log, explaining why certain items are business related and thus...