Thanksgiving in a Coronavirus World
efore every miracle Jesus performs in the new testament, he gives thanks to the Father. The sequence of giving thanks and then performing a miracle seems counterintuitive to us, but …
Counter Culture Thoughts on the Election, Taxes, and Generosity
In the last episode of the Bob & Bryan Show, we may have overstated the Doomsday headline a tad. Taxes and governmental monetary policies deserve a little levity; we have …
Estate Planning Doomsday: What You Need to Do NOW to Prepare for Possible BIG Tax Changes Coming Soon
Dear Friends, As you’ll see, we have a lot of fun in our video referring to possible estate tax changes as a Doomsday Event! The good news is that those …
7 1/2 Tax Smart Giving Strategies You Need to Know in 2020
2020 has been a tough year for many Americans and for people around the world. Yet, despite the hardships, there are redemptive opportunities for generous givers this year that are unprecedented. Bob and Bryan lay out the 7 key strategies that will allow you to make the most impact with your charitable dollars in 2020 – plus a bonus strategy for being generous with short term capital gains. Time is running out to take advantage of these things. Watch this episode and send it to your advisor!
What Does the 100% Deduction Rule Mean to You in 2020?
For many generous givers, the charitable tax provisions introduced by the Cares Act for the 2020 tax year are a game changer. In this year only, givers are able to deduct 100% of their Adjusted Gross Income (AGI). At face value this may seem less than news worthy, since this will like apply to a very small group of givers. However, the creative application of this rule creates charitable opportunities for many NCF givers in 2020…
For Public Company employees paid with Stock Options or Restricted Share Units
If you a generous giver and have executive compensation in the form of stock options restricted share units, this short webinar will show you how you can gift these tax-free to ministry – but only in the 2020 tax year. This is made possible through the charitable provisions of the CAREs Act passed by congress earlier this year.
For Retirees with Pension, Profit Sharing, 401(k) or IRA Accounts
In previous tax years, anyone over 70.5 could gift their required minimum distributions (RMDs) from their IRAs to ministries. This year you can still give your RMDs, but the charitable provisions of the CAREs Act offer generous givers broader tax advantages for giving retirement assets. In this year only, if you are over age 59.5 you can give from your IRA, 401K or Pension Plan to ministry with no federal income tax and no penalties.
