Month: December 2015

Are you 70½? IRA Charitable Contributions are now Permanent

The eleventh hour no more. For several years, Congress would pass legislation in December for that same tax year – and it would be signed into law by the President – extending a tax provision allowing individuals over 70½ to

THE IRS WANTS YOU TO…..

It was 1996. That was the last year that not-for-profit and faith-based organizations had no reporting obligation to the IRS. The onus was on the citizenry for reporting on contributions. If you were audited, you needed your cancelled checks and

Health Insurance: It’s Crazy!!

Whenever I write about health insurance, I always seem to tell this story. Several years ago, within a six-month period, both my wife and daughter had their appendix removed. I thought there might be something in the water. Anytime I

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