Monthly Archives: June 2015

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Gifts of grain

For farm operators, gifting grain directly, rather than selling the grain and making a gift from the proceeds, may provide very significant tax savings. Five keys: Contributing grain allows Donor to avoid sale of the commodity as income, while the production costs may well still be deductible. Reducing taxable income may provide advantages such as… Read more »

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Life insurance & charitable giving

Here are four ideas for using life insurance as a charitable tool: 1.  Name Charity as the beneficiary of an existing life insurance policy Donor can name Charity as beneficiary of an existing life insurance policy. Simple! Also, it’s revocable; Donor can always change her mind. Tax treatment. In this scenario, there can’t be an… Read more »

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3 reasons today’s Supreme Court case is important

Today’s U.S. Supreme Court case The United States Supreme Court ruled today, by an 8-1 margin, for an expansive reading of antidiscrimination law, holding Abercrombie & Fitch can be sued for failing to hire a Muslim woman who came to a job interview wearing a headscarf. It matters not whether the fashion retailer had actual… Read more »