Twists and Turns to Charitable Rollovers

Special tax break for older taxpayers If you are “of a certain age,” you may benefit from a unique tax break. Under a special tax law provision, an individual age 70½ or older can transfer a significant amount of funds directly from an IRA to a qualified charitable organization without paying any tax on the distribution.
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Five Steps to Prepare for a Business Sale

How to improve your position If you are a successful business owner, you should prepare for the day when you hand over the reins—perhaps to a younger family member—or sell the business outright. In the event you are predisposed to sell, you could be leaving some money on the table if you do not put
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Tax Pros and Cons of Municipal Bonds

Balanced view of investment tax aspects Municipal bonds (often called “munis” for short) may be attractive to high-income taxpayers, but there are a number of potential tax drawbacks as well. Here is a brief look from both sides of the fence. Tax Pros of Munis First, and most important, the interest income is exempt from
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Four Top Retirement Plans for Self-employeds

Weigh all retirement plan options At one time, pension plans and other qualified retirement plans were usually offered only by larger companies, but now, many small companies have caught up. In fact, if you are self-employed with just one or two employees—or maybe just yourself—you still have plenty of retirement plan options at your disposal.
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