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HEALY & ASSOCIATES, LLC ~ Certified Public Accountants
Putting Our Clients' Financial Well-Being First

ONLINE BUSINESS LIBRARY

   We have selected the following articles for you.  Check back each month to view our latest content.  Contact us to discuss in more detail how this information affects your tax and financial planning, or, if you have any further questions.

 
Incentive Stock Options
Incentive stock options (ISOs) received from your employer are an attractive form of compensation. When you sell the stock resulting from the exercise of your options at a gain, your entire profit from selling ISO shares can generally be taxed at lower capital gains rates, assuming you play all your cards right.
 
Required Minimum Distributions Waived for 2009
Taxpayers can be subjected to an onerous excise tax if they take less than the required minimum distribution (RMD) from their retirement plan each year.
 
Substantiating Charitable Contributions
As we approach year-end, many of us may need to catch up on our charitable contributions for a number of reasons in addition to a tax break. So, let's briefly review the IRS rules on deducting charitable contributions.