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Certain charitable donations allow you to avoid taxable IRA withdrawals

Certain charitable donations allow you to avoid taxable IRA withdrawals

July 2, 2024

Here’s a strategy for older taxpayers who are charitably minded and also must take required minimum distributions from their traditional IRAs.

Consider borrowing from your corporation but structure the deal carefully

Consider borrowing from your corporation but structure the deal carefully

July 1, 2024

Closely held corporation owners: If you need money for personal expenses like a new car or home improvements, consider borrowing from the business. But follow these tips to avoid adverse tax consequences.