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Results: 1-10 of 31

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

Income tax deductions for charitable donations may be denied without a qualified appraisal Mohamed v. Commissioner, T.C. Memo 2012-152

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • September 10 2012

Obtaining a qualified appraisal is an essential requirement for claiming an income tax deduction for charitable donations of property worth more than $5,000

The gift tax and contributions to section 501(c)(4) organizations: less than meets the eye?

  • Caplin & Drysdale, Chartered
  • -
  • USA
  • -
  • June 14 2011

News reports suggesting that the IRS has opened federal gift tax examinations of five donors to section 501(c)(4) nonprofit organizations have generated considerable concern over the past few weeks

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

The IRS will not apply the gift tax to Section 501(c)(4) donations . . . for now

  • Wiley Rein LLP
  • -
  • USA
  • -
  • September 15 2011

Ending months of speculation and uncertainty, the Internal Revenue Service (IRS) announced in July that it would no longer devote its resources to considering whether to levy a gift tax on donations by individuals to Section 501(c)(4) social welfare organizations

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

Using UPMIFA to release and modify restrictions on charitable funds

  • Mitchell Silberberg & Knupp LLP
  • -
  • USA
  • -
  • February 10 2011

Many donors impose restrictions of various types on the funds they contribute to charity