Topic
Charitable Contribution Deduction
256 published works
Nonprofit Law Prof Blog
Aprill:Charitable Class, Disaster Relief, and First Responders
Ellen P. Aprill (Loyola - Los Angeles) published Charitable Class, Disaster Relief, and First Responders in Tax Notes, vol. 153, no. 7 (2016). The article's abstract is: The notion of…
Nonprofit Law Prof Blog
Election 2016 and Federal Tax Exemption/Charitable Contribution Deduction Law
Given the uncertainty regarding the plans of both President-elect Trump and the Republican-controlled Congress, I feel a bit like a sportswriter trying to rank college football teams before the season…
Nonprofit Law Prof Blog
Zelenak: Tax-Free Basis Step-Up At Death and the Charitable Deduction of Unrealized Appreciation
Lawrence Zelenak (Duke) has made available a draft article titled The Tax-Free Basis Step-Up at Death, the Charitable Deduction for Unrealized Appreciation, and the Persistence of Error. Here are the…
Wills, Trusts & Estates Prof Blog
Trust’s Charitable Deduction Disallowed for Lack of Charitable Intent
The income earned in a trust is taxed, and deductions are allowed for certain distributions. For example, a testamentary trust was created under a will that required monthly annuity payments…
Wills, Trusts & Estates Prof Blog
Unrestricted Bequests
Recently, the University of New Hampshire inherited nearly $4 million from a quiet librarian, and the university decided to spend $1 million of the inheritance on a new football scoreboard.…
Nonprofit Law Prof Blog
Clinton v. Trump Foundations Under the Tax Law (CNN Op Ed)
I just wrote this CNN Op Ed comparing the two foundations. It begins:Journalists and commentators across the political spectrum have subjected both the Bill, Hillary & Chelsea Clinton Foundation and…
Nonprofit Law Prof Blog
Mountanos v. Commissioner—9th Circuit Affirmed Tax Court’s Denial of Conservation Easement Donation Deductions and Imposition of Penalties
Mountanos involved a landowner who donated a conservation easement with respect to undeveloped land in Lake County, California, in 2005. The landowner reported that the easement had a value of $4.69…
Wills, Trusts & Estates Prof Blog
New Legislation Makes Charitable Deduction Laws Permanent
There have been some charitable provisions that have been extended permanently in the recent Protecting Americans from Tax Hike Act of 2015. “An individual age 70½ or older can make…
Family Business Bulletin
Is Your Charitable Contribution Safe?
In a bankruptcy proceeding, it is possible that your donation could be lost to creditors of the charity even when the contribution is to a donor advised fund. As noted…
Nonprofit Law Prof Blog
Atkinson v. Comm’r – Golf Course Conservation Easements Not Deductible
In Atkinson v. Commissioner, T.C. Memo. 2015-236, the Tax Court denied $7.88 million of deductions claimed with regard to the conveyance of conservation easements encumbering noncontiguous portions of land on and…