by Bruce E. Bell | Aug 3, 2023 | Tax Corner, Bruce E. Bell
Question: I intend to sell to a charity a vacant lot that I have owned and held as an investment for many years for less than the current value. Can I take a charitable contribution deduction for the difference?...
by Bruce E. Bell | Aug 3, 2023 | Sales Rep Articles, Bruce E. Bell, Insights
Suppose you were asked to design the most taxpayer-friendly retirement plan possible. If given a choice, you would want a plan that allows for generous annual contributions. The contributions would be tax-deductible, regardless of whether or not you itemize deductions...
by Bruce E. Bell | Jun 1, 2023 | Tax Corner, Bruce E. Bell
Question:Â Â Â Â Â Â Â I own a number of mutual funds. Should I be switching my investment assets to ETFs for income tax savings? Answer:Â Â Â Â Â Â Â Â Â Mutual funds and ETFs (exchange traded funds) are common investments for personal portfolios. ETFs are generally considered...
by Bruce E. Bell | May 2, 2023 | Tax Corner, Bruce E. Bell
Question:       I am one of three equal owners of a corporation where I continue to work. I just turned age 70 and am wondering if I can defer the start of required minimum distributions from our company 401(k) plan until I retire? Answer:         Required minimum...
by Bruce E. Bell | Apr 3, 2023 | Tax Corner, Bruce E. Bell, Insights
Question:Â Â Â Â Â Â Â My mother is terminally ill and holds a meaningful amount of property, including traditional Individual Retirement Accounts. Is there a basis step-up at her death on her IRAs and on any of my appreciated assets I may choose to transfer to her?...
