Topic
Charitable Contribution Deduction
256 published works
Nonprofit Law Prof Blog
Questionable Tax Court Summary Opinion Allows Partial Charitable Contributions Deduction
In Lain v. Commissioner, T.C. Summary Opinion 2015-5 (Feb. 2, 2015), the United States Tax Court issued a summary opinion allowing partial deductions for medical and dental expenses, charitable contributions,…
Wills, Trusts & Estates Prof Blog
Charitable Actions of Wealthy Businessman Concerns Family
English Businessman Sir Jack Hayward passed away on Tuesday leaving an estimated £160 million estate. The charitable Hayward was known for his large donations throughout his life, such as a…
Wills, Trusts & Estates Prof Blog
Tax Extenders for Charitable Contributions Passed
As I have previously discussed, a bill that would have made three charitable tax breaks permanent failed in the House last week. However, with the Senate passing a one-year tax…
Wills, Trusts & Estates Prof Blog
New Case: Reri Holdings I v. CIR
The charitable contribution claimed by dissolved LLC Reri Holdings was attacked in Tax Court as a scam transfer. The charitable contribution claimed was made to a university and was a…
Tax, Trusts & Estates Law
Extension of 2014 Qualified Charitable Distributions
On December 3, 2014, the House of Representatives passed legislation that would extend a number of tax breaks for the 2014 tax year. Senate approval of the bill is likely. …
Nonprofit Law Prof Blog
Johnson: The Charitable Deduction Games: Catching Change
Khrista Johnson (Pepperdine) has posted The Charitable Deduction Games: Catching Change, 31 Georgia Statue University Law Review (forthcoming 2014). Here is the abstract:The article addresses a matter that could result…
Nonprofit Law Prof Blog
Prospects for Nonprofits Under GOP-Controlled Senate
With Republicans poised to take control of the Senate following Tuesday's elections, Alex Daniels writes in the Chronicle of Philanthropy that it is likely that lawmakers will dig deep into the Internal…
Nonprofit Law Prof Blog
Puzzler: Respecting and Valuing an Interest in a Disregarded SMLLC for Charitable Deduction Purposes?
I thank Professor Cassady Brewer of Georgia State University College of Law for bringing this interesting case to our attention. Please read on...In RERI Holdings I, LLC v. Comm’r, 143 T.C. No.…
Nonprofit Law Prof Blog
Study Finds Increase in Charitable Donations by Puerto Rican Taxpayers after Charitable Contribution Deduction Limitations Were Removed
As reported by the Philanthropy News Digest, a recent analysis discloses that charitable gifts reported by taxpayers in Puerto Rico increased by about $5 million in the year following a…
Nonprofit Law Prof Blog
Seventeen Seventy Sherman Street, LLC v. Commissioner—Conservation Easement Conveyed for Quid Pro Quo Not Deductible and Negligence Penalty Applied
In Seventeen Seventy Sherman Street, LLC v. Comm’r, T.C. Memo. 2014-124, the Tax Court sustained the IRS’s complete disallowance of the LLC's claimed $7.15 million deduction for the conveyance to…