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My Mother Wants To Start Collecting Social Security At 62 And Still Continue Her Small Business. How Do Schedule C Earnings Affect Her...
User Photo David Gadberry
Tax Professional Level: Tax Enthusiast

Per the Social Security website: If you are under full retirement age for the entire year, we deduct $1 from your benefit payments for every $2 you earn above the annual limit. For 2012, that limit is $14,640....   Read More
Does A Charitable Remainder Trust Pay Tax On Capital Gains?
User Photo David Gadberry
Tax Professional Level: Tax Enthusiast

No, a Charitable Remainder Trust does not pay any taxes. The capital gains are retained in the trust and passed out to the remainder beneficiary when the trust closes.   Read More
Can An Individual Be The Remainder Beneficiary Of A Charitable Remainder Trust?
User Photo David Gadberry
Tax Professional Level: Tax Enthusiast

No. An individual can be the income beneficiary of a CRT but the remainder beneficiary must be a recognized charity.   Read More

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