Ever made a donation of goods to a charity and wondered how to track and value those donated items? Now there is an App for that. UDoGood, available on the Apple AppStore allows you to track your donations of clothing, household items, cash, etc. UDoGood is a simple way to document, photograph and record your charitable donations. UDoGood also gives suggestions for determining the fair market value of your donations. At the end of the year you can email your list of donated goods to your tax preparer or to yourself. Read more
Archive for June, 2011
IR News Release 2011-69 announced that the IRS has increased the mileage rate for the second half of 2011.
Effective July 1, 2011 through December 31, 2011 the mileage rate for business travel is 55.5 cents per mile. Medical and moving mileage will increase to 23.5 cents per mile. The rate for charitable mileage remains unchanged at 14 cents per mile. Read more
Imagine the shock and frustration of being told that you do not qualify for a mortgage on a second home because your principal residence shows an outstanding mortgage that you paid off 7 years ago. This recently occurred with one of our clients and significantly delayed the purchase of their second home. They spent several months seeking a resolution that was only complicated by the fact the mortgage had changed lenders several times and the mortgage company that showed a lien had been acquired by another company. Read more