How to Best Leave an IRA to Charity [0.16]

Posted on Aug. 12, 2017, 11 a.m. by Morningstar Articles @ [source]

Some of the charities are big and some are small churches or 501(c)(3)s. It would make sense to fund the charities' shares with the retirement benefit asset (the IRA) because the charities will pay no income tax on the IRA proceeds, whereas if the individuals' shares are funded with IRA assets their net inheritance will be reduced by income taxes. The client dies and then the charities find out, but the IRA provider won't simply issue the charities a check upon presentation of proper identification and Form W-9.

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Each year in early February, to coincide with the beginning of tax season, the IRS compiles a list of the most common scams that taxpayers may fall victim to. Read on to learn the scams the IRS wants you to look out for this tax season.

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Charitable Giving [0.12]

Posted on Nov. 28, 2016, 7:30 a.m. by The White Coat Investor – Investing And @ [source]

You’ve heard of Black Friday and Cyber Monday, two days dedicated to giving to others (along with rampant consumerism and some sweet Wal-mart fight videos. I count wasted money as a positive evil.

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