Topic
Charitable Contribution Deduction
256 published works
The CPA Desk
Are Charitable Gifts Deductible on Your Tax Return?
Many taxpayers make charitable gifts — because they’re generous and they want to save money on their federal tax bills. But with the tax law changes that went into effect…
Agricultural Law and Taxation Blog
Substantiation – The Key To Tax Deductions
OverviewThe IRS has specific rules for claiming deductions on a tax return. Those rules differ depending on the type of deduction claimed and the Code section at issue. In all…
The Faculty Lounge
‘Tis the Season for Charitable Contributions: Museum Memberships and the Quid Pro Quo
I teach tax. I write about tax. I think about tax. I love all things tax (except paying it, but that is the subject of a different blog post). One…
For Purpose Law Group Blog
The Charitable Deduction: Then and Now
There are two intriguing and important recent articles about the history of the U.S. charitable deduction and how it can – and should – evolve in the future. The first…
Tax Controversy Report
IRS Steps Up the Pressure on Abusive Syndicated Conservation Easements
The Internal Revenue Service announced today a significant increase in enforcement actions for syndicated conservation easement transactions, a priority compliance area. According to the announcement, coordinated audits are being conducted throughout…
Nonprofit Law Prof Blog
CRS Updates Report to Reflect Possible Impact of 2017 Tax Changes on Charitable Contributions
The Congressional Research Service has updated its Tax Issues Relating to Charitable Contributions and Organizations report (R45922). Most notable is this passage from the Summary, reflecting the possible impact of…
Nonprofit Law Prof Blog
Smith: Exploiting the Charitable Contribution Deduction’s Hypersalience
Eric Smith (Weber State University) has posted Exploiting the Charitable Contribution Deduction's Hypersalience, Utah Law Review (forthcoming). Here is the abstract:Hypersalience describes the cognitive error that occurs when taxpayers are…
Nonprofit Law Prof Blog
Minnesota Federal District Court Invalidates Treas. Reg. 1.170A-9(c)(1) (defining “educational organization”) based on Chevron Analysis
In a surprising opinion, Mayo Clinic v. United States, a federal district court in Minnesota held yesterday that Treas. Reg. 1.170A-9(c)(1) is invalid to the extent that it limits the…
Tax-Exempt Organizations Bulletin
Tax Treatment of Charitable Contributions of Virtual Currency
The Internal Revenue Service (“IRS”) defines virtual currency as “a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value.”…
Nonprofit Law Prof Blog
Post-TJCA Charitable Deductions
Yesterday, the Chronicle of Philanthropy reported that both the number of taxpayers who took the charitable deduction and the amount of charitable deduction claimed dropped precipitously from 2017 to 2018.…