Murphy & Company CPAs formerly known as Borgida & Company CPAs

    Glastonbury, CT 860.646.2465
    Niantic, CT 860.739.5459
    Storrs, CT 860.429.7885

    SUMMER Hours: Monday – Thursday 9:00am-5:00pm

    We are closed on Fridays between Friday, May 23 thru Friday, August 29, 2025.
    All offices CLOSED Monday, May 26th for Memorial Day.


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    Home › Posts tagged Asset
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    5 Reasons Donors Should Give Appreciated Property

    Posted in Tax News on November 10, 2011

    Donors should give appreciated property to their favorite charity. Appreciated property is property whose Fair Market Value exceeds the cost basis.  Cost basis is generally what was paid for an item.


    Tagged with: Adjusted Gross Income, AGI, Appreciated Property, Asset, Avoid Capital Gains Tax, Capital Gains, Captial Gains Tax, Cash Donation, Cash Donations, Charitable Donation, Charities, Charity, Connecticut, Connecticut Estate Tax, Cost Basis, CT, CT Estate Tax, Donation, Donors, economy, Estate, Estate Planning, estate tax, Fair Market Value, Federal Estate Tax, Federal Income Tax, Income Tax, Itemized Deductions, Property, Restricted Gift, Schedule A, Standard Deduction, Stock, Unrestricted Gift
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    Murphy & Company CPAs | Branford, 203.208.0572 | Glastonbury, 860.646.2465 • Niantic, 860.739.5459 • Storrs, 860.429.7885

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    Latest News

    • 2025 SHRED EVENT ANNOUNCED! Jan 20th-24th
    • File IRS Forms 1099 & 1096 BEFORE January 31, 2025
    • MANCHESTER RELOCATES TO GLASTONBURY!!!
    • Closing Out 2024 19th Annual MACC Food Drive
    • SCANLON RETIRES FROM FIRM

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