Word: write-off
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...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 Palm Harbor...
...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. Clinton, too, has endorsed a full write-off. Jubilee 2000 even draws on support from God himself, or at least His surrogate on earth, Pope John Paul II. Bono and Sachs were part of the Jubilee team that met with his Holiness last October, at which the pontiff was labeled "funky" by the eloquent Bono...
...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 too: no capital-gains tax, and a write-off for the market value of the stock...
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 most rooms can handle...
...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 in their home office--e.g., contractors and salespersons--to take the write-off. The old rule required that you do all work at home. But remember, the home office still must be used exclusively for your job to qualify...