Tax Tips for 2013

17 Jan

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With new tax legislation in place, here’s a to-do list to help you stay organized for tax year 2013 and beyond

http://cnnmon.ie/ZCMvIh

Of special note to our clients over 70 years old, Congress has restored a special provision allowing you to transfer up to $100,000 from your IRA to a charity in 2012 and you have until Jan. 31, 2013 to do this.

Meaning if you truly did not want or need that Required Minimum Distribution the IRS forced you to take, you can give it to a qualified 501(c)3 charity of school and avoid paying taxes on the distribution.

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