Judicial

Bulk operations
Rated
26 Jul 2010 | U.S. Tax Court | National Publication | News story

The Tax Court has ruled that although a partnership successfully challenged the IRS in claiming a charitable contribution deduction for the bargain sale of real property in connection with an eminent domain proceeding, it is not entitled to recover administrative...

0

A U.S. District Court has denied a married couple's claimed income tax charitable deduction for the donation of a real property structure to a fire department that would by agreement be demolished by the donee in connection with its fire fighting training program....

0
20 Jul 2010 | U.S. Tax Court | National Publication | News story

The Tax Court has denied a couple's income tax charitable deduction and imposed penalties in connection with a contribution of a facade conservation easement based on their failure to obtain a qualified appraisal as required under IRC section 170 and section 1.170A...

0
18 May 2010 | U.S. Tax Court | National Publication | News story
No Proof, No Deduction
The Tax Court has denied a couple's claimed income tax charitable deductions and imposed accuracy-related penalties based on their failure to provide any substantiation for their alleged gifts.
3

The Tax Court has denied charitable contribution deductions for donations for gifts made by a couple to needy individuals because they were private gifts rather than made through a qualified organization. The court did allow some deductions for gifts to...

5
3 May 2010 | U.S. Tax Court | National Publication | News story | 4 comments
The Tax Court has denied a couple's claimed income tax charitable deduction for a facade easement based on the fact they failed to raise any genuine issue of material fact regarding their compliance with the regulations.
3
21 Apr 2010 | Judicial | National Publication | News story
The United States has asked a federal court to permanently bar a St. Louis tax lawyer from promoting several allegedly fraudulent tax schemes including sham transactions to claim massive charitable contribution deductions, with little or no money actually going to any...
0
31 Mar 2010 | U.S. Tax Court | National Publication | News story | 1 comments
Among numerous denied business and itemized deductions, the Tax Court has denied the charitable deductions claimed by a married couple for lack of substantiation and has imposed related penalties.
0
22 Mar 2010 | U.S. Tax Court | National Publication | News story
The Tax Court has denied charitable deductions and assessed accuracy-related penalties to a married couple who did not provide adequate descriptions of donated equipment; did not identify the valuation methods used, the manner of acquisition, and the cost bases of the...
0
The Ninth Circuit Court of Appeals has affirmed the Tax Court's ruling that taxpayers were not entitled to deduct noncash charitable deductions because the taxpayers failed to comply, either fully or substantially, with the reporting requirements in I.R.C.
0
23 Dec 2009 | U.S. Tax Court | National Publication | News story
The Tax Court has allowed a charitable contribution deduction claimed by a partnership for a bargain sale of land to a state turnpike commission because the partnership established donative intent and substantial compliance.
4
16 Dec 2009 | U.S. Tax Court | National Publication | News story
In a case of first impression, the Tax Court has ruled that an individual's transfer of stock to a family limited partnership followed by the individual's transfer of partnership units to a marital trust for the benefit of his spouse, who predeceased him, and to a...
0
16 Dec 2009 | U.S. Tax Court | National Publication | News story

The Tax Court has ruled regarding formulas used to value units in an LLC. The units had been given by a taxpayer to her children and charities to be divided at a later date based on appraised values and for gift tax planning purposes. The units were later...

5
12 Nov 2009 | U.S. Tax Court | National Publication | News story
The Tax Court has applied the Cohan rule to estimate an individual's unsubstantiated charitable contribution deduction for cash contributions of $300 to a religious organization.
0
16 Sep 2009 | U.S. Supreme Court | National Publication | News story | 1 comments
A married couple have requested a review by the United States Supreme Court in connection with a Tenth Circuit Court's decision denying them a $300,000 income tax charitable deduction claimed by Leslie Stephen Jones, lead counsel for the defense of Timothy McVeigh in...
0
16 Sep 2009 | U.S. District Court | National Publication | News story | 1 comments
The D.C. District Court has ruled that a foundation has not satisfied the requirements under section 509(a)(3)(B) or (C) and therefore does not qualify as a supporting organization. Based on this failure, the foundation will be considered a private foundation.
0
16 Sep 2009 | U.S. Tax Court | National Publication | News story
The Tax Court has ruled that a contribution of a conservation easement in connection with unused development rights to a property located in the "Upper East Side Historic District" of New York City does not preserve a "historically important land area...
0
10 Sep 2009 | U.S. Court of Appeals | National Publication | News story | 4 comments
Writing for onPhilanthropy.com, attorney Jonathan Gudema reports the U.S. Court of Appeals for the 9th Circuit has issued an opinion in a case involving Robert Dillie this past June. Mr. Dillie operated a fraudulent foundation between 1996 and 2001. This foundation was...
3.25
The Tax Court has ruled that a couple is liable for deficiency determinations and accuracy-related penalties in connection with a series of claimed anonymous cash contributions totaling $26,000 to their church, as well as for unsubstantiated deductions for property...
0

The Court of Federal Claims has held that a charitable trust established to donate money to Cornell University is not entitled to a refund of unrelated business income tax it paid on the sale of securities. At issue was whether securities purchased on margin for a...

0
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7520 Rates: December 26% November 2.4% October 2.2%

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Recent activity

Dieringer v. Commissioner: Estate Tax Charitable Deduction for Bequest of Stock to Private Foundation Limited to Post-Death Redemption Proceeds - A Flawed Result?

Appraisals Performed by Donor Not Qualified Appraisals: Deduction Denied

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