IRS Notices

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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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Richard Fox examines a recent IRS notice which favorably impacts the ability of Private Foundations to make mission related investments.

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17 Mar 1999 | IRS Notices | National Publication | News story
In Notice 99-17, the IRS has corrected the inconsistency between Notice 98-20 and Code Section 1(h)(13)(D) regarding the ordering of capital gains distributions from charitable remainder trusts.
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21 May 1999 | IRS Notices | National Publication | News story
In Notice 99-31, the Service has announced that it has extended the deadline for special reformations of charitable remainder unitrusts provided in section 1.664-3(a)(1)(i)(f)(3) of the Regulations from June 8, 1999 until June 30, 2000 and has stated that certain non-...
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13 Sep 1999 | IRS Notices | National Publication | News story
In Notice 99-47, the IRS provides guidance concerning a competent authority agreement that implements Article XXI of the United States - Canada Income Tax Convention which relates to cross-border charitable contributions and the reciprocal recognition of tax-exempt...
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6 Apr 2000 | IRS Notices | National Publication | News story
In Notice 2000-24, the Service provides guidance to assist charitable organizations' compliance with the new reporting requirements imposed by the Ticket to Work and Work Incentives Improvement Act of 1999 relating to charitable split-dollar insurance arrangements.
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17 Jul 2000 | IRS Notices | National Publication | News story
In Notice 2000-37, the Service announced its intention to revise the charitable remainder annuity trust and unitrust sample forms and provisions previously published by the IRS to reflect recent changes in the law.
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27 Sep 2000 | IRS Notices | National Publication | News story
In Notice 2000-24, 2000-17 IRB 952, the IRS announced that Form 8870, Information Return for Transfers Associated With Certain Personal Benefits Contracts, is now available. Form 8870 needs to be filed by charities paying premiums on personal benefits contracts...
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21 Dec 2000 | IRS Notices | National Publication | News story
Several individuals and organizations have responded to Notice 2000-37, in which the IRS invited public suggestions for updating the sample charitable remainder trust forms previously published by the IRS.
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10 Jan 2001 | IRS Notices | National Publication | News story
In an historic announcement, the Internal Revenue Service issued their long-awaited position on split-dollar life insurance arrangements. In addition to the full text of Notice 2001-10, PGDC Editors have included in their commentary a chart setting forth the new rates...
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8 Mar 2001 | IRS Notices | National Publication | News story
Members of the American Bar Association Section of Taxation have responded to Notice 2000-37, in which the IRS invited public suggestions for updating the sample charitable remainder trust forms previously published by the IRS.
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17 Sep 2001 | IRS Notices | National Publication | News story
The IRS has announced it will provide tax relief for taxpayers affected by the September 11, 2001 terrorist attack. These include extending deadlines for the filing of returns and other required documents, extending deadlines for tax payments, and postponing the...
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25 Oct 2001 | IRS Notices | National Publication | News story
In the aftermath of September 11th, many employers are considering leave-based donation programs whereby employees can forego taking leave and donate its value to charity. In a substantive move, the Treasury and IRS have issued Notices 2001-64 and 2001-69 which waive...
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12 Dec 2002 | IRS Notices | National Publication | News story
The IRS has announced (Notice 2003-1) that interim guidance on the tax treatment of employers' payments to charitable organizations under leave-based donation programs won't be extended to payments made after January 1, 2003. This notice modifies and supersedes Notice...
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5 Apr 2004 | IRS Notices | National Publication | News story
The IRS and Treasury have identified a type of transaction in which S corporation shareholders attempt to transfer the incidence of taxation on S corporation income by purportedly donating S corporation nonvoting stock to an exempt organization, while retaining the...
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22 Apr 2004 | IRS Notices | National Publication | News story
The Service has announced that it intends to propose regulations modifying the regulations under section 4940 of the Internal Revenue Code of 1986, as amended, with respect to distributions received by private foundations from trusts and estates.
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22 Apr 2004 | IRS Notices | National Publication | News story
The IRS has issued guidance to private foundations on the treatment of distributions received from a section 4947(a)(2) split-interest trust in computing a foundation's distributable amount under section 4942. The guidance follows the Ninth Circuit's decision in Ann...
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1 Jul 2004 | IRS Notices | National Publication | News story
The Treasury Department and the Internal Revenue Service have issued a notice to advise taxpayers that the IRS intends to disallow improper charitable contribution deductions for transfers of easements on real property to charitable organizations and for transfers of...
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28 Feb 2005 | IRS Notices | National Publication | News story
The IRS has designated the December 26, 2004, Indian Ocean tsunami as a qualified disaster, which will allow for the exclusion of qualified disaster relief payments from recipients' gross income and for employer-sponsored private foundations to provide disaster relief...
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7 Jun 2005 | IRS Notices | National Publication | News story
The IRS has issued notice on the deductibility of qualified vehicle contributions under section 170(f)(12) and explains the requirements for donee acknowledgement letters and penalties for providing a false acknowledgment of a vehicle contribution or for failing to...
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Define: IRS Notices

A notice is a public pronouncement that may contain guidance that involves substantive interpretations of the Internal Revenue Code or other provisions of the law. For example, notices can be used to relate what regulations will say in situations where the regulations may not be published in the immediate future. Notices are also used by the IRS to notify the public and IRS staff regarding specific transactions that have come to its attention and how it might respond to them.

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