Archive - November 22, 2011

1
Here’s What’s Really Causing the European Debt Crisis
2
The 8 Biggest Tax Provisions Expiring This Year

Here’s What’s Really Causing the European Debt Crisis

In May 2010 the Eurozone countries and the International Monetary Fund agreed to a €110 billion low interest loan for Greece, conditional on the implementation of harsh austerity measures. The Greek bail-out was followed by a €85 billion rescue package for Ireland in November and a €78 billion bail-out for Portugal in May 2011.

Also in May 2010, in exchange for promises by its troubled members including Greece, Ireland Portugal, and Spain to implement significant austerity and other fiscally responsible measures, the EU approved a comprehensive rescue package worth €750 billion (then almost a trillion dollars). It is aimed at …

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The 8 Biggest Tax Provisions Expiring This Year

There are quite a few tax provisions that will be expiring at the end of 2011 – nowhere near the number of provisions that were set to expire at the end of 2010 (many of which were subsequently extended), but still there are quite a few sun-setting this year.

Listed below are some of the major provisions that will expire at the end of 2011 that will affect individual taxpayers.

Charitable Contributions from IRA The provision that allows an IRA owner, subject to Required Minimum Distributions (RMDs) and over age 70½ to make a Qualified Charitable Distribution (QCD) directly to …

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