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McKinnon Patten & Associates, LLC Online Resource Library

Answers to Your Tax Questions. I Heard Someone Can File a Tax Return in My Name and Receive My Refund. Is This True? Can I Help Pay My Grandchild s College Tuition and Achieve My Estate Planning Goals? If I Provide Monetary Support to Relatives, Should I Give a Gift or a Loan? I Want to Donate My Used Vehicle to a Local Charity. What Records Do I Need? Do I Need Professional Appraisals of My Noncash Gifts? Are Medical Expenses I Pay Still Tax Deductible? What Are the Tax Consequences of Foreclosure?

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McKinnon Patten & Associates, LLC Online Resource Library | mckcpas.bizactions.com Reviews

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Answers to Your Tax Questions. I Heard Someone Can File a Tax Return in My Name and Receive My Refund. Is This True? Can I Help Pay My Grandchild s College Tuition and Achieve My Estate Planning Goals? If I Provide Monetary Support to Relatives, Should I Give a Gift or a Loan? I Want to Donate My Used Vehicle to a Local Charity. What Records Do I Need? Do I Need Professional Appraisals of My Noncash Gifts? Are Medical Expenses I Pay Still Tax Deductible? What Are the Tax Consequences of Foreclosure?

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5 real estate

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7 family and education

8 charitable giving

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McKinnon Patten & Associates, LLC Online Resource Library | mckcpas.bizactions.com Reviews

https://mckcpas.bizactions.com

Answers to Your Tax Questions. I Heard Someone Can File a Tax Return in My Name and Receive My Refund. Is This True? Can I Help Pay My Grandchild s College Tuition and Achieve My Estate Planning Goals? If I Provide Monetary Support to Relatives, Should I Give a Gift or a Loan? I Want to Donate My Used Vehicle to a Local Charity. What Records Do I Need? Do I Need Professional Appraisals of My Noncash Gifts? Are Medical Expenses I Pay Still Tax Deductible? What Are the Tax Consequences of Foreclosure?

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mckcpas.bizactions.com

1

McKinnon Patten & Associates, LLC Online Resource Library

http://mckcpas.bizactions.com/resource_library/tg-estate-planning.cfm

Seize opportunities while they are available. With estate, gift and generation-skipping transfer (GST) tax exemptions at record-high levels, far fewer taxpayers need to worry about being subject to these taxes. But Congress could still pass legislation at any time making estate tax law changes — and not necessarily for the better. Transfer tax exemptions and rates. Estate, gift and GST tax rate. Less any gift tax exemption already used during life. Large estates must report fair market values. Under ...

2

McKinnon Patten & Associates, LLC Online Resource Library

http://mckcpas.bizactions.com/resource_library/tg-investing.cfm

No easy task: Tax planning for investments involves many considerations. When it comes to tax planning and your investments, it can be difficult to know where to start. First, tax treatment of investments varies based on a number of factors. You need to understand the potential tax consequences of buying, holding and selling a particular investment. Higher-income taxpayers also need to know when higher capital gains tax rates and the net investment income tax (NIIT) kic. Capital gains tax and timing.

3

McKinnon Patten & Associates, LLC Online Resource Library

http://mckcpas.bizactions.com/resource_library/tg-real-estate.cfm

How real estate can reduce your tax obligation. To maximize the tax benefits of property ownership, homeowners, investors and real estate professionals alike need to be aware of the breaks available to them as well as the rules and limits that apply. Whether you're selling your principal residence, renting out a vacation property or maintaining a home office, tax savings are available if you plan carefully. Residence also may be deductible. Home equity debt interest deduction. This has been extended thro...

4

McKinnon Patten & Associates, LLC Online Resource Library

http://mckcpas.bizactions.com/resource_library/tg-family.cfm

Turn saving tax dollars into a family tradition. Raising children and helping them pursue their educational goals — or pursuing your own — can be highly rewarding. But it also can be expensive. So make sure that you and your family are taking advantage of the credits, deductions and other tax-saving opportunities that apply to you. Savvy, strategic tax-related decision-making can become a family tradition, if it's not already. The credit phases out for higher-income taxpayers. If you adopt, you may be ab...

5

McKinnon Patten & Associates, LLC Online Resource Library

http://mckcpas.bizactions.com/resource_library/online_tax_guide.cfm

Answers to Your Tax Questions. How Do Income Taxes Affect My Trusts? Are My Work-Related Education Expenses Deductible? How Do I Know if I m Required to Make Estimated Tax Payments? I Heard Someone Can File a Tax Return in My Name and Receive My Refund. Is This True? Can I Help Pay My Grandchild s College Tuition and Achieve My Estate Planning Goals? If I Provide Monetary Support to Relatives, Should I Give a Gift or a Loan? I Want to Donate My Used Vehicle to a Local Charity. What Records Do I Need?

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McKinnon Patten & Associates, LLC Online Resource Library

Answers to Your Tax Questions. I Heard Someone Can File a Tax Return in My Name and Receive My Refund. Is This True? Can I Help Pay My Grandchild s College Tuition and Achieve My Estate Planning Goals? If I Provide Monetary Support to Relatives, Should I Give a Gift or a Loan? I Want to Donate My Used Vehicle to a Local Charity. What Records Do I Need? Do I Need Professional Appraisals of My Noncash Gifts? Are Medical Expenses I Pay Still Tax Deductible? What Are the Tax Consequences of Foreclosure?

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Answers to Your Tax Questions. How will the election outcome affect future tax law changes? What is the tax impact of owning a vacation home? How does today s high estate tax exemption affect charitable giving strategies? How do income taxes affect my trusts? Are my work-related education expenses deductible? How do I know if I m required to make estimated tax payments? If I provide monetary support to relatives, should I give a gift or a loan? Do I need professional appraisals of my noncash gifts? We wo...

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