NON-CASH Contributions Worksheet

Did you GIVE OVER $500 in Fair Market Value of NON-CASH GIFTS to Charities this year? If so, use this worksheet to list your gifts for your tax return (if claiming total under $500, no form or listing is necessary). Download PDF Version Download MS Excel Version “NON-CASH” Contributions are most commonly clothing, electronics, furniture, & other items and other “Hard Assets” given. Whereas, “Cash Contributions” are cash, checks and “Financial” contributions provided, NOT reported as part of non-cash gifts.

READ MORE

IRA Contribution Limits – 2020

For 2020, your total contributions to all of your traditional and Roth IRAs cannot be more than: $6,000 ($7,000 if you’re age 50 or older), or your taxable compensation for the year (if your compensation was less than the limits above). For 2019, the limits are the same as 2020 Read Full IRS Article Other Related Questions: IRA Deductions if COVERED by Employer Plan (IE, 401k and other) IRA Deductions if NOT COVERED by Employer Retirement Plan Spousal IRAs If you file a joint return, you may be able to contribute to an IRA even if you did not have taxable compensation as long as your spouse did. The amount of your combined…

READ MORE

Certification and Authorization Form

Please complete the following two steps: Step 1: Click Here to complete Certification and Authorization Form  – Send: by fax:  949-203-2100 or email direct to: moneyplancoach@gmail.com) Step 2: Complete the following link for self (& spouse if joint application)  

READ MORE

Where & When to Make Income Tax Payments

WHERE to Make INCOME TAX Payments: IRS as an individual – this is what you pay on your 1040 at the end of each tax year. State as an individual – this is what you pay on your state return at the end of each year State as a corporation / entity – this is what you pay your state as a corporation (depending on each state) TO MAKE IRS Income Tax Payments as an individual: click here …usually this is the amount owed on Form 1040 …It will ask you:

READ MORE