Donating to Disaster Relief Charities

September 25, 2017

With all of the wildfires, hurricanes and other weather related damage that have occurred recently, you may be approached by a charity to help contribute to the relief efforts.  Although there are many organizations helping in the areas affected by...

Are Casualty and Theft Losses Deductible?

November 11, 2016

Casualty and theft losses can be tax deductible but are hard to claim. 

First you need to determine what is a casualty loss?

 A casualty is incurred if you have damage, destruction, or loss of property resulting from any sudden,...

Surviving Spouses as Sole Designated Beneficiaries of IRAs

October 03, 2016

Surviving spouses who are sole designated beneficiaries of a decedent's IRAs have two favorable options with respect to those IRAs that other beneficiaries do not.

Special options available to surviving spouses. Like any other...