Smoky Mountain Trader

December 6, 2018

The Smoky Mountain Trader a free Classified paper serving 12 counties in 3 states. Hamblen, Knox, Jefferson, Cocke, Grainger, Sevier, Hancock, Hawkins, Claiborne and Greene Counties in Tennessee. Plus Lee County Virginia and Bell County Kentucky.

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HIRE ME! To run your errands in my pickup truck! ** Delivery ** ** Pickup ** ** Moving ** Can Pull Some Trailers. 423-353-3938. 356 Excavation & Dirt Work LEFFEW DIRT WORKING SERVICES: Bobcat, Trackhoe, Bushhogging, dump Truck Services. Best Rates. Will Beat any other price!! 423-312-7871 Free Estimates BACKHOE and BOBCAT work. Dig basements, foundations, utility trenches, culvert pipes, grading and backfill. Clear trees and stumps. Haul gravel, sand and dirt. Demolition and haul debris. Free estimates. 423-312-6999, leave message. 357 Fencing BROWN's CUSTOM FENCING & CONSTRUCTION Farm and Ranch fencing, wood, hi-tensile, woven wire, barb wire, chain link, Pole Barns - We sell wood posts, gates and all types of fence materials. We rent bobcats and attachments 423-235-7400 or 800-249-6274 www.BrownsCustom Fencing.com The holiday season is here, which means gift-giving is probably on your mind. In addition to making gifts to your family and friends, you also may be interested in contributing to charitable organi- zations. But before you donate financial assets, such as stocks, you will need to consider several factors, including taxes, your portfolio balance and the reputation of the charity. Let's look at these areas: Taxes – Your donations to qualified charities (those that are considered 501(c)(3) organizations by the Internal Revenue Service) can give you tax deduc- tions – if you itemize deductions on your tax return. However, due to recent tax law changes, the standard deduction for 2018 has almost doubled, to $24,000 for married couples, and to $12,000 for single filers. As a result, you may be less likely to itemize deductions, so you could have less incentive, at least for tax reasons, to make charitable gifts. However, if you give appre- ciated stocks, you may be allowed a charitable deduction for the full fair market value of the gift on the date of the transfer, even if your original cost was only a fraction of today's value. Plus, you may not be subject to the capital gains tax you might have to pay if you eventually sold the stocks. Also, depending on your age, you might be able to use your traditional IRA as a charitable-funding vehicle. Once you turn 70-1/2, you generally must begin taking withdrawals – called required minimum distributions or RMDs – from your traditional IRA. (Roth IRAs are not subject to RMDs during your lifetime.) These RMDs from your traditional IRA are taxable, but you may be able to exclude up to $100,000 of RMDs per year from your taxable income if you transfer the funds directly to qualified charitable organiza- tions. In any case, consult with your tax advisor before donating appreciated assets to a charity. Portfolio balance – When you donate financial assets to a charity, you are also taking them away from your portfolio. This could be an issue, especially if you repeat- edly donate the same types of assets. For example, if you're donating some growth-oriented stocks, will you lower the overall growth potential of your portfo- lio? You may want to consult with a financial professional to ensure your charitable gifts will still allow you to maintain a portfolio balance appropriate for your goals and risk tolerance. Reputation of the charity – You may want to do some homework to make sure you are giving to a reputable charity. Many experts on charitable giving say that a worthwhile charity should spend at least 75 percent of its income on programs, rather than administrative costs. You may be able to find this type of information on a charitable group's annual report and its website. You can also browse the web for the names of agencies that evaluate charitable groups. By considering the aspects of charitable giving described above, you can get more satisfaction from you Three Factors to Consider Three Factors to Consider When Making Charitable Gifts When Making Charitable Gifts Marcus Trantham Financial Advisor 6144 Cumberland Gap Parkway Suite 3 Harrogate, TN 37752-7861 Bus. 423-869-3608 Fax 888-810-2732 marc.trantham@edwardjones.com www.edwardjones.com/marc-trantham This article was written by Edward Jones for use by your local Edward Jones Financial Advisor. Edward Jones, its employees and financial advisors are not estate planners and cannot provide tax or legal advice. You should consult your estate-planning attorney or qualified tax advisor regarding your situation. ( 423 ) 581-2008 Evening and Saturday Appointments Available • Home and Hospital Visits Available Litigation in all Tennessee State and Federal Courts ©SMTPUB INC Evening and Saturday Appointments Available • Home and Hospital Visits Available Litigation in all Tennessee State and Federal Courts 837 West 1st North St. Morristown, TN 37814 Next to the Chamber of Commerce C.E. BUD CUNNINGHAM Army Lt. Colonel (Retired) • Adjunct Proffessor of Law, LMU BANKRUPTCY • CRIMINAL DEFENSE Divorce • Custody • Child Support • NO OBLIGATION • NEVER A CHARGE FOR OUR SERVICE Tennessee Senior Benefits 2351 East Morris Blvd. Located Across From College Square Mall, Beside Hardees 423.581.1004 800.226.1004 WE SPEAK • NO OBLIGATION MEDICARE facebook.com/tennesseemedicare ©SMTPUB INC Call the Tax Dr. Today for a Free Consultation & Let Us Handle this Stress! BOOKKEEPING • PAYROLL • TAX DEBT RELIEF PERSONAL TAXES • BUSINESS TAXES d/b/a Business Services Unlimited 423-317-9990 Tom Griffith CB, CSA, RTRP Jack Campbell EA TaxDR R • Tax Levies & Liens • Wage Garnisments • Stop Pentalites & Interest • Payroll Tax Negotiation WE ARE NOW ACCEPTING NEW TAX CLIENTS Call for an appointment to discuss your tax situation for the upcoming season. We Can Help: Marcus Trantham Financial Advisor 6144 Cumberland Gap Parkway Suite 3 Harrogate, TN 37752-7861 Bus. 423-869-3608 Fax 888-810-2732 marc.trantham@edwardjones.com www.edwardjones.com/marc-trantham APPALACHIAN APPALACHIAN AUTO REPAIR AUTO REPAIR APPALACHIAN AUTO REPAIR 520 Jarnigan Ave. 520 Jarnigan Ave. Morristown, TN Morristown, TN 423-587-2260 423-587-2260 520 Jarnigan Ave. Morristown, TN 423-587-2260 Brakes $89.99 Per Axle Alignment $44.99 Oil Change & Tire Rotation $34.99 www.thesmtrader.com December 6 - December 12, 2018 - The Smoky Mountain Trader - Page 13

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