Tax benefits of giving an IRA to charity

Article Abstract:

Transferring an IRA to a charity may help to lower the amount of estate taxes due on residue subsequently inherited by heirs. This can be accomplished with estate plans utilizing charitable remainder annuity trusts or charitable remainder trusts. A charity can also be named as an IRA's successor beneficiary to achieve the same result. Estate planners and charitable administrators should be able to help donors structure these arrangements in such a way as to provide heirs with the best possible tax treatment for the residue.

Planning, Individual retirement accounts, Charitable remainder trusts, Charitable contributions, Charitable donations

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Financial success after stardom: tax planning for professional athletes

Article Abstract:

Professional athletes particularly need to begin tax and estate planning early in their careers due to the character of their income. Since most professional athletes receive the bulk of their lifetime income in relatively short periods of time, all of their income will be taxed at the highest marginal rate unless planning is done to spread income or defer taxation. Such planning may include contractual methods or use of professional service corporations.

United States, Public Finance Activities, Estate Planning, Personal Income Tax Administratn, Tax administration, Employment, Personal income tax, Athletes, Professional sports

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Municipal bond and other interest rates could be seriously affected by potential tax law changes

Article Abstract:

Enactment of any of the changes in tax laws being proposed in Congress which would change the tax-preferred treatment of municipal bonds as compared to U.S. Treasury bonds and corporate bonds could not only lower the municipal bonds' market value but also weaken the economic health of state and local governments issuing them. This in turn could lead investors to perceive an additional economic risk and further weaken the market value of such securities.

Interest, Interest (Finance), Municipal bonds

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