Comments for Wrobel Accounting

Comment on Charitable Contributions: More than just cash might be deductible by Steven J Fromm

Steven J Fromm — Sun, 25 Dec 2011 16:46:38 +0000

Your readers may also be interested in what are called charitable remainder trusts. These trusts are used to place monies in trust for the benefit of the donor and the tax-exempt organization. Basically, the donor (and his wife if desired) can be paid an income from the trust for their lives or for a term of years. When this time frame ends the charity named as the residual beneficiary gets the balance in the trust. The advantage for the donor is that they reserve income to themselves and get a tax deduction in the year the trust is funded for the actuarial value of the residue going to charity. There are various types of charitable remainder trusts and the provisions can be fine tuned to meet various needs.
Finally there is something called a charitable lead trust, that works in the opposite way; the charity is paid first and for a number of years and then the balance goes to family or other non-charitable remainder beneficiaries.

Comment on Life Stages Series: HSAs Offer Tax Breaks by Kaed

Kaed — Sat, 02 Jul 2011 09:44:08 +0000

A million thanks for posting this informatoin.

Comment on April 18, 2011: Major Tax Deadline by Kaydence

Kaydence — Sat, 02 Jul 2011 03:51:31 +0000

This addresses several of my concerns, actually. Thanks!

Comment on Estate taxes might not affect you, but you still need a plan by Kaycie

Kaycie — Fri, 01 Jul 2011 23:00:13 +0000

I was really confused, and this answered all my questions.

Comment on New law repeals expanded 1099 reporting rules by Dolley

Dolley — Fri, 01 Jul 2011 17:36:56 +0000

I went to tons of links before this, what was I thinking? Thanks!