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Six Reasons Business Owners Should Hire a Tax Pro

If you heard that millions of people tried performing surgery on themselves every year, you’d likely be aghast or at least perplexed that people would take such a chance at something so complex! Along that same line, every year millions of taxpayers decide to perform complex tax preparation by themselves

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How Publicly Traded Partnerships Affect Your Tax Returns

Have you invested in a PTP or are considering doing so? If so, read on… What is a Publicly Traded Partnership (PTP)? A publicly traded partnership (PTP) is any partnership that is either traded on an established securities market or readily tradeable on a secondary market. PTP investments appear as

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What is a Donor-Advised Fund?

A simple, flexible and tax-efficient way to give to your favorite charities. ​A donor-advised fund is like a charitable investment account, for the sole purpose of supporting charitable organizations you care about. When you contribute cash, securities or other assets to a donor-advised fund at a public charity, like Fidelity

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What is a Qualified Charitable Distribution?

Use QCDs to manage your required minimum distributions from an IRA. A qualified charitable distribution (QCD) allows individuals who are 70½ years old or older to donate up to $100,000 total to one or more charities directly from a taxable IRA instead of taking their required minimum distributions. As a

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Key Decisions for Trust and Estates

The elimination of Miscellaneous Itemized Deductions that are subject to the 2% floor under the Tax Reform Act applies to Estates and Trusts. This includes Tax Preparation fees (unless they can be allocated to Schedules C, E, or F), Fiduciary fees, Investment advisory fees, or Asset management fees. There is

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