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Bingham Farms Tag

07 Aug Donating Highly Appreciated Stock. It can give you a tax break. It can give a charity a tax break in the future.

Why sell shares when you can gift them? If you have appreciated stocks in your portfolio (and you hold them in a non-qualified account that doesn’t get special tax treatment), then you might want to consider donating those shares to charity rather than selling them...

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04 Jun 72(t) Distributions

Sometimes you can take penalty-free early withdrawals from retirement accounts. Do you need to access your retirement money early? Usually, anyone who takes money out of an IRA or a retirement plan prior to age 59½ faces a 10% early withdrawal penalty on the distribution. That...

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01 May Tax Scams & Schemes

The “dirty dozen” that criminals & cheats try to get away with year-round. Year after year, criminals try to scam certain taxpayers. Year after year, certain taxpayers resort to schemes in an effort to put one over on the IRS. These cons occur year-round, not just...

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