Topic
Charitable Contribution Deduction
256 published works
Nonprofit Law Prof Blog
Massachusetts Universal Charitable Deduction Kicks in 23 Years After Enactment
From our friends at the Nonprofit Times:You might forgive Massachusetts nonprofit leaders for thinking they might be waiting for Godot. The Bay State’s universal charitable deduction was overwhelmingly passed by…
Tax Controversy Report
IRS Cracks Down on Charitable Contributions of Cryptocurrency
By Adam Young, Brian Bernhardt
By Adam R. Young and Brian Bernhardt On January 13, 2023, the IRS issued Chief Counsel Memorandum 202302012 (the “CCM”) establishing new rules for donations of cryptocurrency. In the CCM,…
Nonprofit Law Prof Blog
Would Americans Make Charitable Donations without Tax Incentives?
The Chart above is from what looks like an informative Tax Foundation report put out just before last Christmas. Here is a summary:The tax treatment of charitable giving over the past few…
Nonprofit Law Prof Blog
Nonprofits Worry About FTX Charitable Donation Clawbacks
Saturday's WSJ had an interesting story about FTX's continuing efforts to recover SBF's (pictured above) charitable contributions to some pretty heavy hitter nonprofits before FTX imploded. Organizations like Stanford University…
Nonprofit Law Prof Blog
Two Articles By Sholk, On Election Activities and Substantiating Charitable Contributions
Steven H. Sholk (Gibbons Law) has posted two recent articles. The first is the annual update of A Guide to Election Year Activities of Section 501(c)(3) Organizations, a now 649-page comprehensive…
Nonprofit Law Prof Blog
S Corporations and Charitable Contributions
In light of the recent changes to the AGI limitations for charitable contributions, it is interesting to explore charitable giving in the S Corporation context. In 2019, a CPA Journal…
Nonprofit Law Prof Blog
Tax Court Denies Charitable Contribution Deductions for Crops Donated to CRATs, After Initial Grant By IRS Examining Agent
In Furrer v. Commissioner, the U.S. Tax Court denied an attempt by taxpayers to partially deduct as charitable contributions the value of crops donated to charitable remainder annuity trusts (CRATs).…
Nonprofit Law Prof Blog
IRS Reports on Individual Noncash Charitable Contributions for Tax Year 2019
The IRS Statistics of Income division has issued a 26-page report on individual noncash contributions for tax year 2019. Here is the introduction:For Tax Year 2019, individual taxpayers who itemized…
Nonprofit Law Prof Blog
Terrorist Funding by Nonprofits (WSJ)
The concern over nonprofit funds being used for terrorist activity is a valid and pressing one. In examining whether the United States should allow a charitable deduction for donations to…
Nonprofit Law Prof Blog
Zelinsky: The Case for Limiting the Estate and Gift Tax Charitable Deductions
Edward A. Zelinsky (Cardozo) has published The Case for Limiting the Estate and Gift Tax Charitable Deductions in Tax Notes. Here is the brief description:In this article, Zelinsky argues that all large…