Topic
Charitable Contribution Deduction
256 published works
Nonprofit Law Prof Blog
Partnership Not Entitled to Charitable Contribution Deduction for Two of Three Easements, Conservation Purpose Not Protected in Perpetuity
In Pine Mountain Preserve, LLLP v. Commisioner, the Tax Court's 116 page opinion determined that (cribbing from CCH): A partnership was not entitled to charitable contributions deductions for two easement deeds…
Nonprofit Law Prof Blog
EO Nuggets from the JCT’s TCJA Explanation, Including Needed Technical Corrections
Just in time for Christmas, the Joint Committee on Taxation released its General Explanation of Public Law 115-97 (commonly known as the Tax Cuts and Jobs Act). Here are some…
Nonprofit Law Prof Blog
California AG’s Ongoing Litigation Alleging Overvaluation of Contributions
I previously mentioned California Attorney General Xavier Becerra's cease and desist orders against three charities for allegedly overvaluing donated pharmaceuticals they received. Now Jim Ulvog, CPA at the Nonprofit Update…
U.S. Income Tax for Expatriates, Nonresidents & U.S. International Tax Matters
DETERMINE IF YOU CONTRIBUTION WILL BE TO A RECOGNIZED CHARITY. BEFORE MAKING THE CONTRIBUTION
We all get asked to make contributions to recognized charities. Often we have never heard of the charity and sometimes if may not be one recognized by the IRS. Only…
Nonprofit Law Prof Blog
Today’s SALT/170 Proposed Regulations Public Hearing in Brief
The SALT/170 Proposed Regulations issued on August 27, 2018 had their day in the court of public opinion today – that being the public hearing held at 10:00 A.M. today…
Tax Law for the Closely Held Business
Assignment of Income And Charitable Contributions of Closely Held Stock
By Lou Vlahos
But I Don’t Want to Pay Any Taxes! I was recently speaking to an older client who told me that he was contemplating the sale of a commercial rental property…
Nonprofit Law Prof Blog
How Will The New Tax Law Impact Nonprofits
The article begins by describing the changes in tax law taking effect in 2018. These provisions are: the standard deduction doubled from $6,350 to $12,000 for individuals, and $12,700 to…
Wills, Trusts & Estates Prof Blog
New IRS Proposed Regulations Nullify SALT Limitation Workaround Attempts
A number of state have enacted legislation that seeks to allow taxpayers to take an income tax charitable deduction for contributions to certain charitable organizations while permitting a credit against…
Wills, Trusts & Estates Prof Blog
IRS Proposes Amendments to Regulations Regarding Charitable Contributions
The Internal Revenue Service has proposed amendments to regulations under section 170 of the Internal Revenue Code concerning rules governing availability of charitable contribution deductions when the taxpayer receives or…
Tax Controversy Report
Treasury Issues Proposed Regulations Addressing Charitable Deductions for State and Local Tax Credit Contributions
The Treasury Department recently issued proposed regulations addressing the availability of charitable deductions when taxpayers receive or expect to receive corresponding state or local tax credits for contributions. The proposed…