Archive for February, 2006
Charitable Trust Regulations
Question: my dream is one general hospital in rural area through our Charitable Trust. we have no money. depend upon.
some balance in om maa hatiasuni trust account. Our aim is high,but no money in my pocket. we hve so many rules and regulations also.Who can help our trust to start the same.our aim to develop the undeveloped area particularly,education,health and self employment.
Answer: If its Health care, self employment, income generating activities, Training we can be of help to you! Don't worry, As long as your intentions are clear, something will happen and you will find ways and means!
Inside Look - Reforming Financial Regulation - Bloomberg
Income Tax Planning Tips
Question: Health insurance for college student in NYC?
I am currently attending college full time and working part -time my mother is insured under medicaid and family health plus and so was i untill i turned 21. They informed my mother that since i was 21 i had to apply on my own and when i did they infromed me that my income was above their guidelines(190-240 before taxes weekly) so what am i to do the insurance plan at my job it way too expensive i cannot afford it and i dont even qualify i cant work more bc of school by i need health insurance asap. any tips advice information??? thank for your time.
Answer: You may want to consider a health savings account or at least choose a plan with a very high deductible.
This way you will have a very low monthly cost but if you choose a reputable company will still have coverage in case you ever get hit with a large medical bill.
Here is some more information finding cheap health insurance and specifically on finding health insurance in New York:
Personal Financial Planning Tips : How to Buy Stocks
Charity Trust In Delhi
BEST MANAGER – RHETORIX CLUB
Who has got what’s needed for the executive suite? The technically experienced engineer, the commercially skilled management expert or the theoretical physicist? That was the central question of the best manager competition organized by IIPM.
For the students who want to excel they have never had it better. It’s the time when everyone wants to be the best manager in todays world of competition.
An event of great velocity, a title which everyone dreams of “THE BEST MANAGER”, was conducted for the fall winter batch, and what a great zeal was shown by the students, in every task given to them.
Amongst a host of events, the flag-ship event of IIPM has set new standards with respect to participation, with more than 50 participants registering for the event. We tried to find the best manager from the fall winter Batch by testing the participants on leadership attributes like teamwork, stress handling, conflict management, and decision-making and presentation skills.
“You have to go along with a can of fertilizer in one hand and water in the other and constantly throw both on the flowers, if they grow you have a beautiful garden. If they don’t, you cut them out. That’s what management is all about.” Says Jack Welch
Working on his lines the students also has to eliminate the weakest link trust me it was the toughest decision for the participants, yet they worked as the best managers and took the decision after all it was a competition.
The rounds began from self introduction to 5 minutes of fame , from Business Plan competition to running around for charity, from Flip Back to innovative uses of the product.
I am sure the event made everyone learn a lot out of the head gearing competition.
With every round we had eliminations and toward the end the decision was made on the basis of stress interview where the participants faced self competition.
Visionaries, enthusiasm, innovative, sincere, diligent, competitive…. And the list goes on and on, these were some of the key identified traits in almost all of them.
Amongst the midst off all the tough work to which the students added their smart work and all the great tasks we got the winners of the events, and yes who says that women are not at par with the men, we had a tie between ASTHA AGGARWAL (UG 5) and AAMIR BASHIR (FE 1), the two seemed to be the perfect managers amongst the complete fall winter batch. The spree began and ended with certificated and prizes for the winners and to all those who could not make it this time, its time to work hard as the competition is tough and is dropping in from all sides.
About the Author:
Article Source: ArticlesBase.com – Best manager competition organized by IIPM B-School
Part Five of Gurbani Wichaar between Bhai Sewa Singh Tarmala and Shivteg Singh Delhi & Associates
Charitable Giving Tax
Alright, that old rattletrap, rusting buggy still masquerading as a car has been taking up space in your driveway for much too long. It’s become part of the neighborhood landscape. You’ve been able to overlook it, but your neighbors are growing a little upset. You’ve bitten the bullet and realize the time has come to get rid of it, but how?
Why not contact a charity to see if they are interested taking the car as a donation? Not only is giving your car away to a charity good for deposit in your karma bank, when tax time rolls around, that donation can help keep some of your cold hard cash in the bank as well by allowing you to take a potentially sizable deduction. If you ask around, you’ll find numerous charities that have established programs for taking vehicles as donations.
As you might expect with the IRS, there are some tricky rules. Giving a car away to charity for a tax break is not as easy as it used to be. The old tax laws allowed you to write off the fair market value of any car given to charity. Fair market value was determined by auto industry standard evaluation services, like the Kelly Blue Book, so if the Blue Book value of your car was $2,000, you got to write that whole amount off when tax time arrived. That system was fraught with abuse, however, with people claiming inflated donation values of $654 million in one year alone. Therefore, the law changed in 2005, and the IRS now places some limitations on the way donation deductions are claimed.
The basic rule is that IRS places a cap on vehicle donation deductions of $500. If your donation is worth more than that, then you will be required to meet a few criteria before you can claim your deduction. First, you need to know how the charity is using your car. If they take if from you and sell it, then the price they sell it for is the amount you can claim as a deduction, even if it is less than the value of the car. If the charity sells your car for more than it is worth, you can only claim a deduction up to the fair market value of the vehicle.
There are a few exceptions. If the charity decides to give the car away to a needy person, or if they sell the car to a needy person for far below the fair market value, then in most cases you can claim the actual worth of your car as your deduction. Also, under the “Intervening Use Exception,” if the charity uses your car for awhile before selling it, and then sells it for below the fair market value, you can claim the value of your car at the time of the donation as your deduction, since their use of the car lowered the value.
However, if the charity makes improvements to the car, increasing its value, and later sells it for more than it was worth when you donated it, you can still only claim the fair market value of the vehicle at the time of donation. Whichever circumstance applies to you, the charity should notify you in writing within 30 days of receipt of the car of their intentions for the car and the donation value. If they sell the car, they must notify you within 30 days in writing of the sale price.
Of course, deductions are not subtracted directly from your tax bill, but rather allow you to reduce your tax bill by a percentage. Exactly how much a deduction will take off your tax bill depends on your income, your tax bracket and how you file.
About the Author:
Robert G. Knechtel operates several websites, including
TaxChronicle.Com – Understanding Federal and State Taxes
CreditCardSanity.Com – How to Use Credit Cards Sanely
Article Source: ArticlesBase.com – Looking For A Good Tax Break? Donate Your Car To Charity
Peter Dunne on charitable donations and tax
Charitable Trust Investments
The many different mutual funds in the stock market sometimes makes it difficult to know which ones are reliable to invest your money into. Of these many mutual funds you will find that the Mutual Funds Oppenheimer is a good one to check out. In this funds company you will discover some interesting opportunities for investing. One good way to find these opportunities and how they can be of help to you is to contact a professional manager from this company.
You will then have the opportunity of asking for information about the Mutual Funds Oppenheimer Company. This information should also include the different portfolios that can be found in the company. You will also need to ask about the various ways that your stock options can be diversified.
You can find more helpful information on the internet site of this Mutual Funds Oppenheimer Company. These options will allow you to do some research into the different ways that you can invest your money with this company. One detail that you will need to ask about is the expenses that you may have to bear by investing in this mutual funds company.
You should be aware that this mutual funds company is open to those people who are living in the US. If you are interested in investing in this company from outside of the US it will be best if you contact the company personally. From them you will receive information which will let you know about the status of investing with Mutual Funds Oppenheimer whilst living abroad.
When you look at the various stock and bond options that are available with Mutual Funds Oppenheimer you will discover that there are different portfolio options. These various funds will need some looking into by you as there are various load types that you can decide to use. Besides mutual funds Oppenheimer has lots of other stock options that you can look into.
These options will include the 529 plans, Institutional Money Markets, Exchange Funds, Charitable Trusts, Offshore Funds, and also Donor Advised Funds. As these are specialized mutual funds you may need to contact a professional manager form the Mutual Funds Oppenheimer group. If you are still unsure about investing in mutual funds there are many other professionally trained financial advisors who can help you.
With all of their help you van choose the different stock options which are best for your portfolio. The end result will help you when you are investing in the Mutual Funds Oppenheimer has in store for you.
About the Author:
Muna wa Wanjiru is a Web Administrator and Has Been Researching and Reporting on Mutual Funds for Years. For More Information on Mutual Funds Oppenheimer, Visit His Site at Mutual Funds Oppenheimer
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