My father-in-law passed away almost a year ago, but it isn’t as if he left my husband some big estate. In fact, due to the circumstances around his demise, my husband wasn’t even named in any estate documents.
We are excited to announce the unveiling of our new client portal. Over the last several months, we have been working with our vendor to implement a number of system upgrades, based on client feedback gathered during our initial testing period.
As noted above, current U.S. tax law allows the charitable donor of appreciated securities to get a tax deduction for the market value of the donation and avoid capital gains taxes.
In August, the IRS issued guidance that taxpayers may use to claim eligibility for a waiver of the 60 day rollover requirement rule for a distribution from a retirement plan or IRA.
As we approach year-end, many clients are turning their attention towards whether, and to what extent, they want to gift to charity. And if so, is it more tax-efficient for those over age 70½ to make charitable distributions out of their IRA, or to give highly appreciated stock from a taxable account?