Comments for J.R. Helms & Associates, P.C.

Comment on Tax Free RMD – Done correctly, a charity will thank you by Rusty Helms

Rusty Helms — Tue, 27 Dec 2011 13:58:57 +0000

Yes, the QCD should be received within the same time requirements as your annual RMD.

Comment on Tax Free RMD – Done correctly, a charity will thank you by Al Trivers

Al Trivers — Wed, 14 Dec 2011 21:19:55 +0000

Does the charity have to receive the QCD in the calendar year of the RMD?

Comment on Charitable Contributions – How much do they allow? by Liliam

Liliam — Sat, 16 Apr 2011 12:01:40 +0000

Walking in the presence of giants here. Cool thinking all around!

Comment on Charitable Contributions – How much do they allow? by Rusty Helms

Rusty Helms — Tue, 22 Mar 2011 15:07:13 +0000

I guess you could if your school is a registered charity. The customary treatment however is to deduct the excess over the $250.00 as unreimbursed employee business expenses. In many cases a charitable deduction is more beneficial, but in most cases is probably not appropriate. Consult your tax advisor for more specific guidance and insight in your specific situation.

Comment on Charitable Contributions – How much do they allow? by Pam Fleetwood

Pam Fleetwood — Fri, 18 Mar 2011 00:12:01 +0000

So…if I spend over the $250 per year allowed to teachers for out of pocket money spent on school supplies, and other items, can I claim the excess as a charitable contribution?

Comment on Where’s My Refund – Sometimes 8 days can seem like a Lifetime by Greg Cross

Greg Cross — Tue, 01 Feb 2011 20:08:56 +0000

Great thoughts!