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In a highly publicized and controversial donor intent case that has been going on for several years, the Maryland Court of Appeals, Maryland's highest court, has issued an Order in which it has refused to hear an appeal brought by a deceased donor's family against...

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Nearly fifty years ago, entomologist and Smithsonian researcher Dr. Carl Drake left the Smithsonian Institution his collection of insects subject to certain restrictions.  In addition, he created an endowment at the Smithsonian with $250,000 (worth about $4,000...

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In a recent case decided by the Tax Court, Graev, 140 TC No. 17, because of the attendant risk of an IRS disallowance of charitable deductions taken in connection with an contribution of an easement, the donor, a New York attorney, entered into a side agreement that...

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22 Nov 2013 | U.S. Tax Court | National Publication | News story

The Tax Court has ruled that a partnership is not entitled to a charitable contribution deduction for a contribution of a qualified conservation easement because it fails to preserve the entire exterior of the building as required under IRC section 170(h)(4)(B...

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14 Nov 2013 | U.S. Tax Court | National Publication | News story

The Tax Court has ruled that a couple overvalued an open space and facade easement and, therefore, is liable for deficiencies and a 40% gross valuation penalty under Section 6662(h). Although the Court found the the easement was contributed exclusively for...

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27 Sep 2013 | U.S. Tax Court | National Publication | News story

The Tax Court has concluded that based on a change in tax law, the appraisal for a facade easement and development rights in real property is a qualified appraisal pursuant to section 1.170A-13(c)(3)(ii). Consequently, it will now decide at trial if the donors are...

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14 Aug 2013 | U.S. Tax Court | National Publication | News story

In what could be called nothing short of ironic, the U.S. Tax Court has denied charitable deductions and imposed accuracy related penalties on Margaret Payne, an IRS revenue agent who, using the nickname of "Schouchi" and also working as a church secretary...

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In this interesting and fact-rich case, the government has failed to produce sufficient evidence to meet its heightened burden of showing fraud by clear and convincing evidence in connection with a donation of a conservation easement by Alan and Wendy Pesky. At...

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28 Jun 2013 | U.S. Tax Court | National Publication | News story

The Tax Court has upheld the IRS's disallowance of a couple's income tax charitable deductions and imposed accuracy-related penalties for contributions of a facade conservation easement and an accompanying cash endowment gift that were conditioned upon the IRS...

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20 Jun 2013 | U.S. Tax Court | National Publication | News story

The U.S. Tax Court has denied a couple's motion to reconsider its decision in which it denied charitable contribution deductions for the couple donation of a conservation easement because they failed to donate a qualified real property interest. In the original case...

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20 Jun 2013 | U.S. Tax Court | National Publication | News story

The U.S. Tax Court has substantiated the IRS's disallowance of a couple's failure to substantiate deductions they claimed for ...

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The United States Attorney's Office for the Southern District of Illinois has announced that a Mount Carmel, Illinois accountant has plead guilty to looting the charitable remainder trust of a now 96-year-old individual of over $2 million and now faces up to 40...

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The Tax Court has upheld an IRS denial of charitable contribution carryover deductions and imposed accuracy-related penalties based a taxpayer's substantial overstatement of the value of a conservation easement on ranch property. 

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Citizens for Responsibility and Ethics in Washington, a 501(c)(3) independent political watchdog organization known for its annual report of the most corrupt members of Congress, has filed suit in U.S. District Court against the Treasury and IRS seeking 1) to compel...

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The Tax Court has held that a series of trusts, which included a charitable remainder annuity trust, formed by a physician and his wife according to the instructions of a...

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16 Apr 2013 | U.S. Tax Court | National Publication | News story

The Tax Court has sustained the IRS's denial of an LLC's income tax charitable deductions for a bargain sale in connection with a settlement agreement based on 1) its failure to satisfy the contemporaneous written acknowledgment requirement of section 170(f)(8) and...

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13 Mar 2013 | U.S. Tax Court | National Publication | News story

The Tax Court has denied the income tax charitable contributions for an individual who founded an animal rescue organization because she failed to provide herself with contemporaneous written acknowledgments from her own organization for her contributions. The fact...

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The Tax Court has imposed deficiencies and accuracy-related penalties against an individual for noncash charitable contribution deductions she claimed on her Schedule A, Itemized Deductions based upon improper substantiation.

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The U.S. Tax Court has denied a couple's income tax charitable deduction for the donation of stock in a corporation to charity because the appraisal obtained by the couple placed a value on the underlying property of the corporation rather than its stock. ...

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29 Jan 2013 | U.S. Tax Court | National Publication | News story

The Tax Court has denied a couple's income tax charitable deduction for a conservation easement on a golf course. According to the court, a provision in the agreement that permitted the donors to change what real property was subject to the easement violated section...

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Recent activity

Tax Court Denies Deductions and Imposes Penalties

Tax Court Denies Deduction for Facade Easement

Battle of the Appraisers: Taxpayer Prevails in Value of Conservation Easement

Couple Seeks Supreme Court Review in McVeigh Papers Charitable Deduction Ruling

Heard on the Web: Important Legal Ruling Impacts Planned Giving Marketing

Foundation Not Supporting Organization Court Rules

National Heritage Foundation Responds to Adverse Split Dollar Verdict