Tag Archive | donations

2015 Planning Issues for Individuals

Overlooked tax issues With the end of each year there are issues to be considered which vary with each individual’s circumstance.   Some overlooked issues are listed below. Retirement Distributions:  The requirement to take minimum distributions from retirement accounts begins the year a taxpayer reaches the age of 70½. This first distribution may be delayed but no […]

2015 Charitable Donations and NC Medical Deductions

Charitable Donations:   Donations must be made to a qualified IRS tax-exempt organization in order to be deductible. There is an on-line IRS tool (http://tinyurl.com/a72f74x) available to check the status of an organization. Churches will not be listed since they are automatically exempt. Donations to individuals are not deductible.  NC Taxes:  The NC 2015 personal […]