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From the Headlines to your Bottom Line

Tax-Savvy Planning Strategies for Inherited IRAs

Did you recently inherit an IRA along with one or more additional beneficiaries? The rules regarding required minimum distributions (RMDs) may not necessarily be optimal for the younger beneficiaries when there are multiple beneficiaries or the inherited IRA lists a charity (or other nonhuman) as a beneficiary. Creative planning can save the day, but there's a hitch: The strategies must be employed by no later than September 30, 2016, for account owners who died in 2015.
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Back-to-School Tips for Grownups

From a business perspective, back-to-school time is about more than selling school supplies and clothing. It provides many creative marketing opportunities for owners of all types of businesses who can think outside the pencil box. On a personal level, remember to save your receipts. Whether you're a teacher or parent, this article provides a refresher course on education-related federal tax breaks for individuals, too.
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Compare and Contrast the Republican and Democratic Tax Platforms

Federal taxes are a hot button during every presidential election. Do you know where the candidates stand on major federal tax issues, such as tax rates for individuals, businesses and estates? In some cases, the candidates' plans contrast with their parties' platforms, so it's important to watch their statements and websites closely. Here's some information on federal tax positions to help you make an informed decision in November.
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How We Add Up

"Our clients rely on Fust Charles Chambers to provide innovative thinking by anticipating changes in tax laws, accounting methods and industry and economic trends. At other times, our clients depend on us to act as a sounding board for their ideas and concerns. We’re proud to be part of our clients’ team with the purpose of assisting them in attaining their goals and objectives."

- Joseph L. Charles, Partner