Gift Planning Tips
Income with a Lower Tax Price Tag
There are several options for clients looking to secure tax-free or favorably taxed income while also assisting favorite charities . . . more
Exercise Caution with Trustee Powers
In noncharitable trusts, it’s common practice to give trustees the broadest powers allowed under state law but, for trustees of charitable trusts, some powers could lead to disqualification of the trusts . . . more
Divide and Conquer Doesn’t Always Work
A donor giving noncash assets (other than marketable securities) valued at more than $5,000 is required to obtain a qualified appraisal [Code §170(f)(11)(C)] . . . more
When a Deduction Has to Wait
The deduction for charitable gifts of cars, trucks, boats, planes and other vehicles is generally limited to the gross proceeds charity receives from a sale [Code §170(f)(12)(A)(i)] . . . more
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GOOD INTENTIONS WEREN’T ENOUGH FOR DEDUCTION
Court cites multiple reasons why payments weren’t charitable.
TAX LIABILITY FILTERS DOWN TO FOUNDATION
Transferee status depends on what shareholders knew and when they knew it.
ACTIONS SPEAK LOUD ENOUGH FOR COURT
Trial court erred in dismissing breach of contract claim.
GETTING DOWN TO BUSINESS
No charitable deduction where company “has” to contribute.
A DETOUR AROUND SELF-DEALING
Disqualified person can buy interests from estate before transfer to foundation.
REFORMATION SALVAGES ESTATE TAX DEDUCTION
Executor’s ability to request assets invalidated charitable remainder trust.
May 2015 Archive
• Stock Gifts: When Are They Complete?
• A Way Around Capital Gains Rules
• Lose by Adding
• Paying Mom and Dad Back the Charitable Way
April 2015 Archive
• Appraisal Dos and Don’ts
• Controlling from the Grave
• So Foreign, Yet So Near
• Choosing Charitable Trustees
March 2015 Archive
• ESOPS and Charitable Gift Arrangements
• Philanthropy and Special Needs Trusts
• Funding Considerations with Testamentary Charitable Remainder Trusts
• Retirement Remainder Trust
February 2015 Archive
• Stock Gifts by S Corporation Shareholders
• “Replacing” Assets Earmarked for Charity
• Homes and Farms Only
• Don’t Make the IRS Guess
January 2015 Archive
• 2015 Begins as 2014 Did
• Charitable Remainder Trusts that Last "Just for a While"
• Plan Carefully with Gift Restrictions
• Letting Charity Benefit Early
• End-of-Life Charitable Planning
December 2014 Archive
• Buy the Sports Car or Save for Retirement?
• When It’s Time to Part with Collectibles
• Two Clauses for Every Will
• Not All Stepparents Are Wicked
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