Category: Taxes

How your Houston estate may be affected by changes to inherited IRAs

How your Houston estate may be affected by changes to inherited IRAs

A recent proposal by President Obama would have an effect on how Individual Retirement Account (IRA) and other retirement plan distributions are taken after the account owner dies.  The Treasury Green Book, which provides explanation of the President’s budget proposals, contains a proposal that could dramatically affect the estate planning strategies for those in Houston […]

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Rules that apply to non-cash charitable deductions

Rules that apply to non-cash charitable deductions

If you itemize your deductions on your tax return this year, you may want to take advantage of any charitable contributions you made in 2014.  While cash contributions are usually deductible in the amount of the contribution (as long as you didn’t receive any benefits from your contribution other than intangible benefits), the rules for […]

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