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Richard Fox provides a thorough view of the self-dealing rules by analyzing two recent Private Letter Rulings.

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28 May 2015 | Revenue Rulings | National Publication | News story

For purposes of determining the present value of an annuity, an interest for life or a term of years, or a remainder or a reversionary interest, the applicable federal rate under section 7520 for June 2015 is 2.0%; Up from last month's rate of 1.8%.

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30 Apr 2015 | Revenue Rulings | National Publication | News story

For purposes of determining the present value of an annuity, an interest for life or a term of years, or a remainder or a reversionary interest, the applicable federal rate under section 7520 for May 2015 is 1.8%; Down a tic from last month's rate.

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24 Mar 2015 | Revenue Rulings | National Publication | News story

For purposes of determining the present value of an annuity, an interest for life or a term of years, or a remainder or a reversionary interest, the applicable federal rate under section 7520 for April 2015 is 2.0%; Up a tic from last month's rate.

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Richard Fox analyzes a recent CCA which points to a substance over form issue on a complex charitable transaction. Caution to overly aggressive planners.
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The Internal Revenue Service reminded taxpayers planning to claim charitable donations to make sure they have the records they need before filing their 2014 tax returns.

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For purposes of determining the present value of an annuity, an interest for life or a term of years, or a remainder or a reversionary interest, the applicable federal rate under section 7520 for March 2015 is 1.8%; Down .2% from last month's rate.

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27 Jan 2015 | Revenue Rulings | National Publication | News story

For purposes of determining the present value of an annuity, an interest for life or a term of years, or a remainder or a reversionary interest, the applicable federal rate under section 7520 for February 2015 is 2.0%; Down .2% from last month's rate.

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20 Jan 2015 | IRS Notices | National Publication, Richard L. Fox, Esq. | Article | 2 comments

Author Richard Fox examines a recent IRS finding that cautions that charitable contribution deductions by "dealers" in property may be treated as ordinary income property.

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Charity and Donor alert: author Richard Fox clarifies new interpretations of the "Token Benefit".

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23 Dec 2014 | Letter Rulings | National Publication | News story

PLR allows reformation of CRT.

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22 Dec 2014 | Revenue Rulings | National Publication | News story

For purposes of determining the present value of an annuity, an interest for life or a term of years, or a remainder or a reversionary interest, the applicable federal rate under section 7520 for Jannuary 2015 is 2.2%; Up .2% from last month's rate.

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25 Nov 2014 | Revenue Rulings | National Publication | News story

For purposes of determining the present value of an annuity, an interest for life or a term of years, or a remainder or a reversionary interest, the applicable federal rate under section 7520 for December 2014 is 2.0%; Down .2% from last month's rate.

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The IRS recently released this TAM on excess business holdings. It's based on an interesting set of facts.

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16 Oct 2014 | Revenue Rulings | National Publication | News story

For purposes of determining the present value of an annuity, an interest for life or a term of years, or a remainder or a reversionary interest, the applicable federal rate under section 7520 for November 2014 is 2.2%; Stable with the last five month's rates.

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17 Sep 2014 | Revenue Rulings | National Publication | News story

For purposes of determining the present value of an annuity, an interest for life or a term of years, or a remainder or a reversionary interest, the applicable federal rate under section 7520 for October 2014 is 2.2%; Stable with the last four month's rates.

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In this PLR the IRS offers clarification on a number of private foundation issues: excess business holdings; UBTI; and self-dealing. Interesting facts and circumstances lead to a very favorable outcome.

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28 Aug 2014 | Revenue Rulings | National Publication | News story

For purposes of determining the present value of an annuity, an interest for life or a term of years, or a remainder or a reversionary interest, the applicable federal rate under section 7520 for September 2014 is 2.2%; Stable with the last three month's rates.

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24 Jul 2014 | IRS Forms | National Publication | News story

Need to learn more about Form 1023-EZ? Check out this helpful video posted by the IRS about the new shorter application form to help small charities apply for 501(c)(3) tax-exempt status.

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7520 Rates: June 2.0% May 1.8% April 2.0%

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Recent activity

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