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Year-End Giving To Charity Or Loved Ones

The holiday season is here and many people plan to donate to their favorite charities or give money or assets to their loved ones before the end of the year. Here are the basic tax rules involved in these transactions.

Donating to charity 

In 2022, in order to receive a charitable donation write-off, you must itemize deductions on your tax return. What if you want to give gifts of investments to your favorite charities? There are a couple of points to keep in mind.

First, don’t give away investments in taxable brokerage accounts that are currently worth less than what you paid for them. Instead, sell the shares and claim the resulting capital loss on your tax return. Then, give the cash proceeds from the sale to charity. In addition, if you itemize, you can claim a full tax-saving charitable deduction.

The second point applies to securities that have appreciated in value. These should be donated […]

By |2022-12-07T21:42:47+00:00December 7th, 2022|charity, Community|0 Comments

Giving Tuesday- The Link Team Partners with Redwood Empire Food Bank

The Link Team had a great time with the Redwood Empire Food Bank on their Trot To End Hunger today! Great people and an even better cause. Proud to have them as neighbors and amazing community members. If you are visiting our office, we also have a collection food bin in the lobby, so please stop by and bring any canned or packaged food you have to donate.

By |2021-11-30T23:06:38+00:00November 30th, 2021|Community|0 Comments

Linkenheimer Team’s Eye Care Service Project to Nicaragua in January of 2020

We departed the night of January 14, 2020 on a graveyard flight from SFO to Houston to Managua. The intrepid travelers included first timers – Dana Breaux, Ernie Ceja, Charla Balkin, Jan Coulter, Gino Scurini and Kelly McGlinchy. Experienced missionaries included Carli Ortiz, Kerri Berry, Nina Shaposhnikov, Joshua Warren, Andy Vedder and John Jones. Our objective was to provide eye care (exams and prescription eye glasses for free) to the people of Las Azucena. This is a small village south of San Carlos Nicaragua and upriver from our home base at the Sabalos Lodge.

Nicaragua is the 2nd poorest country in the western hemisphere behind Haiti. The area of Sabalos and the Rio San Juan is the poorest of all Nicaragua. Average per capita income for the country is about $400 and likely in the Rio San Juan it is closer to $200 per year. Few paying jobs exist with most people surviving on subsistence farming. The people though are very content and gracious. There are no eye care teams (or brigades) that make it to this part of the country. The work we do through the firm, Santa Rosa Sunrise Rotary and St Mark Lutheran Church is the total […]

By |2020-09-03T20:03:18+00:00February 14th, 2020|Community, Nicaragua|0 Comments

Voted Best Place to Work by the North Bay Business Journal for 2018

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Once again, we are honored to be recognized as one of the Best Places to Work in the North Bay for 2018. This is the 8th year in a row that Linkenheimer has been voted Best Place to Work in the North Bay and it is truly a testimony to the amazing, hard working team we have here and the community and clients that have supported us all these years. We are grateful to call Sonoma County home and it’s also why we feel the importance of giving back. Over the past year, we’ve volunteered over 1,000 hours as a firm to community projects locally and abroad, including Rotary, Redwood Empire Food Bank, Nicaraguan Eye Care Projects, Elsie Allen High School Foundation and many other incredible organizations focused on making our great community better for everyone.

From the North Bay Business Journal Press Release:

Along with our co-presenters, Nelson Family of Companies, Exchange Bank; Kaiser Permanente and underwriter Trope Group, we are pleased to inform you that Linkenheimer LLP CPAs & Advisors has been selected as one of the Best Places to Work in the North Bay in the thirteenth-annual […]

By |2020-09-03T20:04:28+00:00October 2nd, 2018|award, best, best place to work, Community|0 Comments

FAQs Related to Disaster Recovery and the Fires

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Our CPA’s have compiled a list of 25 frequently asked questions related to fire victims and the recovery process. This document will continue to be updated over time as new questions roll in. If you have any additional questions in the meantime that aren’t answered below, please feel free to contact us at Linkenheimer LLP. We’ll continue to work side by side with all of you during this rebuilding process as we put our great community back together.

Frequently asked questions related to disaster relief for this affected by the fires: 

  1. Can an employer make a payment to an employee for missed time as a result of the fire and have that payment excluded from the employees gross income? No, the payments would be considered taxable wages.
  1. What information is needed to substantiate a casualty loss? To substantiate your loss, you’ll need the following, the type of casualty and date it occurred, proof that you were the owner of the property, or if you were a lessee, that you were contractually liable for the damage, whether a claim for reimbursement exists for which there is a reasonable expectation of recovery and documented […]
By |2020-09-03T20:04:49+00:00November 8th, 2017|Community, disaster, question, relief|0 Comments
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