9-22 logo from jeremyAdding It Up
June, 2012
We hope you are enjoying your summer!  If we can be of assistance do not hesitate to contact us at 630-960-3317 or at info@knutte.com.

Guide for Charitable Contributions

One of the most popular tax deductions for individuals is the one allowed for donations to charitable organizations and also, the most abused.  So it's not surprising that Congress has responded by enacting more rules around documenting donations. 

Taxes Quick Guide 
2012 Taxes QuikGuide

 

Our handy guide will help you keep track of tax filing deadlines, recordkeeping requirements, and those tax numbers you need for your 2012 tax planning.

 

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Foreign Currency 

Having foreign assets may require filing two reports

 

If you own financial assets in foreign countries, you're probably familiar with the Foreign Bank Account Report (FBAR). That's the form you file - separately from your federal income tax return - by June 30 each year. But did you know there's a new foreign asset reporting form with different filing requirement.

 

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Give your college freshman some money tips
 

For better or worse, habits formed during the early years of college often harden into long-term lifestyles. This is especially evident in the area of finances. Discipline learned during the college years often pays dividends well into the future. Financial mistakes, on the other hand, may take years to undo. Start your college freshman on the right track with these three tips: