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STRATEGIC ISSUES...ONLINE
For week
of November 20,
2006, Issue #284
Featured
Articles:
1. IRA Contributions
to Certain Public Charities
2. Tech
Tip Weekly: Copying
MS Excel Data to MS Word
3.
Compliance Calendar
If you would like
to have further information on any of these
articles, let us know. We would appreciate
receiving your comments and/or suggestions, anytime!
acarroll@pmcpa.com
acarroll@pmcpa.com
1. IRA Contributions to
Certain Public Charities
The Pension
Protection Act of 2006 permits specified individuals
to make contributions from their Individual
Retirement Accounts ("IRA") to certain public
charities without including the amounts in the
contributor's income. The new provisions relate to
the recipient organization's classification as a
public charity under section 509(a).
Public charities
include churches, schools, hospitals, and charities
that receive public support as described in section
509(a)(1) and (2), as well as organizations that are
described in section 509(a)(3) that support one or
more specified organizations described in sections
509(a)(1) or (2). Organizatiosn described in
section 509(a)(3) also are known as supporting
organizations.
Under the
Pension Protection Act of 2006, distributions from
IRAs to supporting organizations, as described in
section 509(a)(3), are not excludable from the IRA
holder's income.
2. Tech
Tip Weekly: Copying MS Excel Data to MS Word
The
easiest way to embed an MS Excel table of worksheet
data or an MS Excel chart into a MS Word document is
to use the drag-and-drop method. Simply highlight
the cells or chart you want to copy, hold down the
Ctrl key, and drag the selected cells or chart
between the MS Excel and MS Word program windows.
The only trick to dragging and dropping between
programs is the sizing and maneuvering of the MS
Excel and MS Word program windows themselves -- that
is, you have to arrange the windows so that you can
see both of them.
You can also use the cut-and-paste method to embed worksheet data into a MS Word document. Simply select the cells in MS Excel and then copy them to the Clipboard (Ctrl+C). Then, open the MS Word document and position the cursor at the place where the spreadsheet table is to appear. Choose Edit, Paste Special from the MS Word menu bar. Click Microsoft Excel Worksheet Object in the As list box and then click OK. MS Word then embeds the data in the body of the MS Word document just as though you can Ctrl-dragged the data from the MS Excel window.
3.
Compliance Calendar
November 22
-Employers deposit
Social Security, Medicare and withheld income tax
for November 15, 16, and 17.
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