Gift Planning Tips

Escaping Tax on Excess Life Insurance
Workers whose employers provide group term life insurance are subject to income tax on the premiums for coverage in excess of $50,000 [Code §79(a)] . . . more

ESOP’s Charitable Fables
One way for a business owner to postpone the recognition of capital gains tax on the sale of a company is through the establishment of an employee stock ownership plan (ESOP) — a form of retirement plan [Code §1042(b)(1)] . . . more

Leading Donors to Bigger Deductions
Philanthropic clients who plan to retire within a few years might not realize that lowered retirement income means reduced charitable deduction limits (50% or 30% of AGI for gifts of cash or appreciated assets, respectively) . . . more

How Long Can Trusts Last?
The payment of a charitable remainder annuity trust or unitrust may not extend beyond the lives of one or more named individuals and a term greater than 20 years . . . more


Be sure to check this site each month for new Gift Planning Tips. If you would like to receive our Gift Planning Tips by e-mail each month, please click here.


To download a PDF of the latest gift planning articles from CGTS Analysis & Comment, click here.

The following articles are now available from the latest edition of the Charitable Giving Tax Service Analysis & Comment. To see the complete text, just click on the above link. Archived articles, and the full 1200-page gift planning library are available at no charge if you register and sign in to CGTS-Online, using the link on this page.

ANNUAL WAIT OVER FOR IRA ROLLOVERS

COURT RECONSIDERS 50-YEAR-OLD PRECEDENT
Extrinsic evidence admissible to determine testator’s intent.

IRS HAS SECOND THOUGHTS
Alternative to contemporaneous written acknowledgments issued, then withdrawn.

LIMITATIONS DON’T APPLY TO TRUST GIFTS, COURT HOLDS
Property purchased with income remains income.

CONSERVATORS CAN’T MAKE CHARITABLE CHOICES
Remainder in special needs trust must pass by intestacy.

CONTROVERSY STILL PENDING WHEN DEDUCTION CLAIMED
Charitable amount not permanently set aside under Code §642(c)(2).

DONORS: 0, IRS: 2
Two appellate courts agree on mortgage subordination to easement property.


May 2016 Archive
• For What It's Worth
• These Gifts Require Special Attention
• Borrowing to Make a Charitable Gift
• Love and Charitable Remainder Trusts

April 2016 Archive
• Cash (Saving) Crops
• Life Expectancies and Actuarial Values
• Controlling IRA Distributions from Beyond the Grave
• Charitable Solution to Excess Earnings

March 2016 Archive
• Raining on the Grandchildren
• Deferred Charitable Gift Annuities without the Worry
• Real Opportunities in Real Estate Gifts
• Charitable Remainder Trusts to Encourage Good Behavior?

February 2016 Archive
• Plan Early for IRA Rollover Gifts
• When to Choose a Charitable Remainder Annuity Trust
• Advantages of Giving Closely Held Stock
• Charitable Gifts that Thrive on Low Interest Rates

January 2016 Archive
• Congress Leaves a Year-End Gift
• Blending Income Tax and Transfer Tax Savings
• Best Assets for Funding Testamentary Charitable Remainder Trusts
• Choosing a Term-of-Years Charitable Remainder Trust

December 2015 Archive
• Charitable Giving Translation
• Three Routes to Tax-Free Income from Charitable Gifts
• Paying for a Bequest
• Living Trusts a Good Place for Charity


Copyright © R&R Newkirk. All rights reserved.

The information contained on this website is written to provide accurate and authoritative information in regard to the subject matters covered. It is published by R&R Newkirk Company with the understanding that in this publication the authors are not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. (From a Declaration of Principles jointly adopted by a committee of the American Bar Association and a committee of publishers and associations. Circular 230 Notice: Any U.S. federal tax advice contained in this publication is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

Location

200 West Fourth St.
Cincinnati, OH 45202
Directions

Contact

513-241-2880
Email Us