Welcome to this month's edition of the Tax and Business Alert. Our goal is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs.  Please contact us if you have questions about any of the issues discussed.

back to August

Charitable Donations of Publicly Traded Securities

Tax Calendar

2013 HSA Limitations

Deferring Taxable Gain with a Like-kind Exchange

MRD Reminder

Kiddie Tax Update

Important Information

 

 

 

Charitable Donations of Publicly Traded Securities

Taxpayers with appreciated securities positions may be able to save on federal taxes by donating the actual securities (e.g., stocks) held more than one year (long-term gain securities) to a qualified charity rather than selling the securities and donating the cash proceeds.

Tax Calendar

Important upcoming tax dates.

2013 HSA Limitations

Health savings accounts (HSAs) were created as a tax-favored framework to provide health care benefits mainly for small business owners, the self-employed, and employees of small- to medium-sized companies who do not have access to health insurance.

Deferring Taxable Gain with a Like-kind Exchange

Nontaxable exchanges of real estate give taxpayers an alternative to taxable dispositions and can provide federal income tax benefits.

MRD Reminder

Taxpayers turning age 70 1/2 during 2012 are required to take their first minimum required distribution (MRD) from a traditional IRA by April 1, 2013.

Kiddie Tax Update

In the good old days, highly taxed parents could shelter some of their investment income by attributing it to their lower taxed older children. No more.