A 75-year-old widow with $1.8 million in savings, no children, and a desire to support her alma mater faces a challenge ...

Starting in 2026, the One Big Beautiful Bill Act significantly tightens the rules governing charitable deductions for both ...

For charitably inclined individuals, there is a significant amount of uncertainty brought on by possible policy shifts that may occur if former Vice President Joe Biden is elected and Democrats take a ...

Giving to a good cause feels great — and if you itemize your taxes, it can also help lower your tax bill. The charitable donation tax deduction lets you write off qualified gifts to nonprofit ...

"Your clients can use up to $53,000 of their IRA's Required Minimum Distributions (RMDs) to make life-income charitable gifts." Your clients can use up to $53,000 of their IRA's Required Minimum ...

I was recently speaking to an older client who told me that he was contemplating the sale of a commercial rental property that he has owned for many years. The property was not used in his business, ...

Quick Read A concentrated single-stock position worth $2.4M with only $180K cost basis creates a $2.22M embedded capital gain ...

Creating a charitable trust can provide an alternate method to meet your wishes for loved ones and charities. There could be tax changes under the incoming Biden administration. There are pros and ...

Because of the accumulated earnings tax, a C corporation with significant accumulated earnings can be a problem for a CPA trusted business adviser. Paying the money out as a dividend leads to a second ...

Donating to a nonprofit doesn’t just help others — it can also help reduce your tax bill. But not every donation qualifies. This guide explains which charitable contributions are tax-deductible, how ...