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Results: 1-10 of 31

Proposed regulations offer new examples of program-related investments

  • Morgan Lewis & Bockius LLP
  • -
  • USA
  • -
  • May 11 2012

The Internal Revenue Service (IRS) and the Treasury Department have issued long-awaited proposed Treasury Regulations providing nine additional examples of investments that qualify as program-related investments (PRIs

Gifting in 2012: now or never?

  • Hunton & Williams LLP
  • -
  • USA
  • -
  • August 22 2012

Currently Americans can give $5,120,000 to anyone without paying gift taxes, less earlier taxable gifts

Section 107 parsonage allowance exclusion limited to one home

  • Bryan Cave LLP
  • -
  • USA
  • -
  • April 2 2012

The United States Court of appeals for the Eleventh Circuit Court recently ruled that the parsonage allowance exclusion from gross income contained in section 107 of the Code is limited to the rental value of providing a single home

Will Camp tax plan impact charitable giving and tax-exempt organizations?

  • Baker & Hostetler LLP
  • -
  • USA
  • -
  • April 11 2014

Editor's Note: The following article was originally published to BakerHostetler's WealthDirector blog. In late February 2014, House Ways and Means

DC Superior Court approves Corcoran's proposed agreement with National Gallery and GW University

  • Steptoe & Johnson LLP
  • -
  • USA
  • -
  • August 25 2014

On August 18, 2014, the DC Superior Court granted the Trustees of the Corcoran Gallery of Art’s (The Trustees’) petition for cy près relief with

Proper documentation is required for charitable contributions

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • April 6 2011

Recent IRS audit activity serves as a reminder that when you make a charitable gift, you must obtain the proper documentation in order to be able to take an income tax deduction

Eighth Circuit upholds formula disclaimer over public policy objections - Estate of Christiansen v. Commissioner

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • January 21 2010

In a unanimous decision, the Eighth Circuit upheld over the IRS’ public policy objections a formula disclaimer which passed property to charity

The Tax Court disallows charitable deductions and imposes accuracy-related penalties for failure to substantiate equipment donations

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • May 7 2010

The Tax Court disallowed a couple's charitable deductions and imposed accuracy-related penalties after finding they did not properly substantiate the contributions or provide contemporaneous written acknowledgements of their medical equipment donations

Review of income tax deduction rules for charitable gifts

  • Bryan Cave LLP
  • -
  • USA
  • -
  • January 8 2014

The Chronicle of Philanthropy recently released its list of the Top 10 biggest charitable gifts of 2013 (which is really the Top 15, since 5 gifts

Year-end tax planning: potential benefits of land contributions for recreation or education

  • Baker Donelson Bearman Caldwell & Berkowitz PC
  • -
  • USA
  • -
  • December 6 2011

Charitable conservation contributions can be an excellent means of not only making meaningful donations for the public good, but also establishing the basis for potential tax benefits to the donor