Fiducial Blog – Page 95

POINTS

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January 20, 2015

In financing lingo, one point is equivalent to 1% of the loan…

PRINCIPAL RESIDENCE

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January 19, 2015

A taxpayer can exclude up to $250,000 ($500,000 for married taxpayers)…

PRIVATE ACTIVITY BOND

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January 18, 2015

Generally, interest from municipal bonds issued by a state or…

QUALIFIED PLAN

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January 17, 2015

This term refers to retirement and employment benefit plans that…

RECAPTURE

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January 16, 2015

Is to include as income or as additional tax in the return an…

TAKE ADVANTAGE OF EDUCATION TAX BENEFITS

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January 15, 2015

Article Highlights: Student loans Gifting low basis assets …

ROLLOVER

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January 15, 2015

A rollover is a tax-free withdrawal of cash or other assets from…

SECTION 179 DEDUCTION

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January 14, 2015

This refers to a section of the Internal Revenue Code that permits…

SECTION 529 PLAN

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January 13, 2015

Qualified Tuition Plans (also known as Section 529 Plans) are…

BEWARE OF THE ONE-PER-12-MONTH IRA ROLLOVER LIMITATION BEGINNING IN 2015

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January 13, 2015

Article Highlights: 60-Day limit New interpretation New…

SHARED EQUITY ARRANGEMENT

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January 11, 2015

A shared equity arrangement is a method of financing the purchase…

STANDARD DEDUCTION

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January 10, 2015

Most taxpayers are permitted to deduct either a standard deduction…

DON’T FORGET THOSE NOMINEE 1099S

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January 8, 2015

Article Highlights: Who is a nominee? What a nominee must do Allocating…

STEPPED-UP BASIS

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January 8, 2015

When property is inherited, the basis for the beneficiaries is…

TAX CREDITS

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January 7, 2015

A tax credit is a tax benefit that offsets the tax dollar for…

TAX CREDITS

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January 7, 2015

A tax credit is a tax benefit that offsets the tax dollar for…