Give Smarter Tax Smart Giving Strategies More
It’s tax time which means, among other things, household stress. No matter how hard we try and no matter how well organized we might be . . . we never seem to be ready for filing our tax returns. Truthfully, even if we added thirty minutes a day on Quicken to our morning devotions, by April 15th most of us would still have missing pieces.
In the world of charitable giving there are useful but challenging giving techniques, such as the pre-sale gift of closely held stock, and there are very difficult and tax compromised assets, such as stock options or restricted share units. With challenging techniques and assets, cash gifts can sometimes fix a mistake or be the only charitable giving option that actually makes sense – in both cases by adding the vanilla ice cream of cash to your charitable giving dinner party.