March 2018 Roundup for Professional Advisors

Professional Advising
As tax-filing season moves into high gear, many taxpayers realize they will need professional assistance to complete their 2017 tax returns.

In our roundup for professional advisors, we explore gifts of homes, recommendations on finding a qualified professional tax preparer, strategies for IRA distributions to charity and more. Read below to stay in-the-know on industry news.

Roundup for Advisors

Personal Planner: Gifts of Homes
By the time individuals reach retirement age, they probably have an empty nest. The children or other family members have moved on and are creating their own homes. Some individuals decide they like their home and stay there for their lifetime, while others may sell and move to a smaller residence. Are charitable deduction options available for both those who sell and those who keep their home? Read this article to find out.

Washington News: IRS Tips on How to Find a Qualified Tax Preparer
As tax-filing season moves into high gear, many taxpayers realize they will need professional assistance to complete their 2017 tax returns. How should you select a qualified tax preparer? Learn several specific tips to use when looking for a professional tax preparer and about resources to research tax preparers in your area.

Case of the Week: Exit Strategies for Real Estate Investors, Part 4
Karl is a successful real estate investor who bought and refurbished a building in a great area. He received a large offer on the building, but only owned it for four months, leaving him subject to short term capital gains tax rate. After learning about the benefits of a FLIP CRUT, he wanted to move forward, but there are still two potential downsides to his plan.

Article of the Month: Strategies for IRA Distributions to Family and Charity
With the total amount of IRA assets growing every day, IRA owners are seeking help in determining how to distribute IRA assets to family and charitable organizations while minimizing tax consequences. Learn the basic rules surrounding IRAs, tax implications for distributions and charitable IRA solutions for philanthropic IRA owners.

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