Monthly Archives: November 2011

Investment tax tips

As year-end approaches, take a closer look at your investment portfolio. There may be some tax-saving strategies worth considering. For example – * Wash sales. Thinking of selling a security before December 31 to take advantage of a capital loss? … Continue reading

Posted in Investing | Tagged , , , , , , , , | Leave a comment

Heed the rules for deducting charitable contributions

Sticking to the rules when making charitable contributions can save tax dollars. Here are three tips. * Recordkeeping is vital if you want to be able to deduct a contribution to charity. What records do you need? For starters, to … Continue reading

Posted in IRS Articles | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Interesting tax facts

Some tax facts from National Taxpayer Advocate Nina Olson’s annual report to Congress: * Americans spend 6.1 billion hours preparing their taxes every year. * There have been 4,428 changes to the tax code over the past ten years. * … Continue reading

Posted in IRS Articles | Tagged , , , , , , , , , , , , | Leave a comment

No more paper savings bonds after 2011

For the past 76 years, investors had the option of buying U.S. savings bonds at a bank or credit union. After December 31, 2011, that will no longer be the case. Savings bonds can then only be purchased electronically through … Continue reading

Posted in Investing | Tagged , , , , , , , , , , , | Leave a comment

Who should take advantage of the IRA charitable rollover?

Last year’s tax law extended the “charitable IRA rollover” rule through the end of 2011. Taxpayers who are 70½ or older may make tax-free distributions of up to $100,000 directly to a charity from their IRA. The rollover fulfills the … Continue reading

Posted in IRS Articles | Tagged , , , , , , , , , , , , , , , , , | Leave a comment