Word: write-offs
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To these aristocrats, money is meaningless. Their time is much more valuable. They give what they can afford to expend. The true philanthropist is the little guy who gives to another little guy--not for the tax write-off, but because it is the human thing to do. DENISE DENOVA...
For his part, the Galen L. Stone Professor of International Trade has given a great number of speeches on the topic of debt relief, written guest columns in the Times and served on a debt-relief congressional advisory commission. This commission recently recommended cancellation of all outstanding Third World debts...
GIVING STOCK Thinking about charitable giving this holiday season? Instead of donating that old coat, consider donating stocks. Donations of stock can beat coats or even cash. Charities can sell the shares of donated stocks tax-free, even if the price has doubled over your cost. And donors get breaks...
Cynics abound, especially in Germany, where Daimler-Benz had to take a huge write-off because of Schrempp's disastrous acquisition of Fokker, a Dutch aviation company. But the mountain-climbing chairman has won astonishing support from the Americans for his straight talk, quick decision making and more charisma than...
HOME RULE The IRS has been picky when it comes to taking deductions for using part of your home as an office. But a change in tax law taking effect this year will allow self-employed people who spend most of their time on the road but do administrative work...