Category Archives: Tax and Money Tip of the Week

TMTW#290- Navigate Tax Rules for Mortgage Interest

Posted on June 22, 2016 by taxblogger

Tax and Money Tip this Week: Navigate Tax Rules for Mortgage Interest June 22, 2016 | No. 290 Click here for the strategy and tip on boat “mortgage interest” from Business Management Daily Questions or Comments? You can add comments on … Continue reading →

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TMTW #289- Charitable IRA Distributions

Posted on June 15, 2016 by taxblogger

Tax and Money Tip this Week: Charitable IRA Distributions June 15, 2016 | No. 289 As you probably know, a person must take a Required Minimum Distribution (RMD) from their IRA each year once they reach age 70.5.  For many years, there … Continue reading →

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TMTW #288- Ramp Up Energy Credits at Home

Posted on June 8, 2016 by taxblogger

Tax and Money Tip this Week: Ramp Up Energy Credits at Home June 8, 2016 | No. 288 Get the most out of your energy credits. Read about options in the article below from Business Management Daily. CLICK HERE TO READ … Continue reading →

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TMTW #287- NC Senate Passes Tax Cut With Democrats’ Support

Posted on June 1, 2016 by taxblogger

Tax and Money Tip this Week: NC Senate Passes Tax Cut With Democrats’ Support June 1, 2016 | No. 287 Raising the standard deduction…read all about it here in the article from The News & Observer  Questions or Comments? You can … Continue reading →

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TMTW #286- Path Act Part 3- Five Things to Know About Substantiating Donation

Posted on May 25, 2016 by taxblogger

Tax and Money Tip this Week: Path Act Part 3- Five Things to Know About Substantiating Donations May 25, 2016 | No. 286 There are virtually countless charitable organizations to which you might donate. You may choose to give cash or … Continue reading →

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TMTW #285- Path Act Part 2- Breaks for Businesses

Posted on May 18, 2016 by taxblogger

Tax and Money Tip this Week: Path Act Part 2- Breaks for Businesses  May 18, 2016 | No. 285 The PATH Act gives business owners much to thing about as well. First, there’s the enhanced Section 179 expensing election. Now permanent … Continue reading →

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TMTW #284- Series on New Tax Law-Path Act Part 1

Posted on May 11, 2016 by taxblogger

Tax and Money Tip this Week: Series on New Tax Law- Path Act Part 1 May 11, 2016 | No. 284 Like many taxpayers, you may have been expecting to encounter a few roadblocks while traversing your preferred tax-savings avenues. If so, tax … Continue reading →

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TMTW # 283- Inheriting an IRA: Ignoring Non-Person Beneficiaries

Posted on May 4, 2016 by taxblogger

Tax and Money Tip this Week: Inheriting an IRA: Ignoring Non-Person Beneficiaries May 4, 2016 | No. 283 IRA’s with multiple beneficiaries that include charity or other non-person entity must pay out that entity’s share by September 30 of the year following … Continue reading →

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TMTW #282- Inheriting an IRA: Not Dividing the IRA Among Heirs

Posted on April 27, 2016 by taxblogger

Tax and Money Tip this Week: Inheriting an IRA: Not Diving the IRA Among Heirs April 27, 2016 | No. 282 Be sure to advise your beneficiaries to split the IRA, especially if they have a wide age difference. If the … Continue reading →

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TMTW #281- Inheriting an IRA: Titling the IRA Account Improperly

Posted on April 20, 2016 by taxblogger

Tax and Money Tip this Week: Inheriting an IRA: Titling the IRA Account Improperly  April 20, 2016 | No. 281 Nonspouse beneficiaries cannot roll an inherited IRA into their own IRA.  Instead, a separate account must be set up with a … Continue reading →

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