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Charitable income tax deductions appear straightforward—when you make a gift to a qualified charity, you can take a deduction in the year of the gift if you itemize. However, there are subtleties regarding gift valuation and substantiation.
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On-again/off-again relationships can be fascinating to watch as long as you aren’t a part of the ride. Cheers, the award-winning TV show, featured one of the most celebrated on-again/off-again relationships between bartender Sam Malone and waitress Diane Chambers
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Today, philanthropically inclined adventurers may, like Heyerdahl, need assurance that a charitable gift can be “a highway, not a barrier” to income security.
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Remember Frank Sinatra’s 1969 hit, “My Way”? My Way is much like the aspiration of donors who are motivated to give, but want to “do it their way” by maintaining control of the assets they intend to donate.
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