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Writing for the Urban Institute, C. Eugene Steuerle suggests extending the charitable deduction deadline is a move with precedent: the government has used it to encourage giving following a natural disaster. However, temporary laws have limited effect. Consider... |
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Dating from the 1920's and well rooted in American tradition, the ministerial housing allowance, authorized by Section 107 of the Internal Revenue Code and which allows clergy to exclude the value of such allowances from their gross income, has survived various... |
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Everybody wants to know how the changes in the 2013 tax laws will affect them. The reality is that most Americans won’t notice much of a change but rates will go up for more affluent Americans. In this article, charitable and wealth transfer consultant Dave Holaday... |
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Although the American Taxpayer Relief Act of 2012 successfully preserved the charitable contribution income tax deduction, the victory was somewhat muted because of the phaseout of itemized deductions. However, according to David Wheeler Newman of Mitchell... |
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In a letter to Senator Orin Hatch [R-UT], the IRS has issued guidance regarding how losses from fraudulent investment schemes are treated in charitable remainder trusts, IRAs and personal savings. |
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Co-chairmen of President Obama's "National Commission on Fiscal Responsibility and Reform" Erskine Bowles and Alan Simpson today released a report entitled, "Moment of Truth". Among the plan's numerous provisions is the elimination of all itemized... |
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Demos, the Economic Policy Institute (EPI), and The Century Foundation (TCF) have issued a collaborative report entitled "Investing in America's Economy - A Budget Blueprint for Economic Recovery and Fiscal Responsibility" that contains comprehensive tax... |
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The Tax Policy Center of the Urban Institute and Brookings Institution has published an analysis of the expiration of the tax cuts enacted in the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) and the Jobs and Growth Tax Relief Reconciliation Act... |
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Can a corporation be too generous? In this article, Laura Peebles, CPA, PFS, tax director at the national office of Deloitte & Touche, LLP, discusses a little known provision that may cause corporations that contribute "substantially all" of their assets to... |
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As reported last week, President Bush has commissioned a panel to explore a complete overall of the federal income tax system. Shortly before the panel was announced, we received a request from a PGDC member to reprise an article Lynda Moerschbaecher had written back... |
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Examines the types of gifts that are deductible, how to determine the donor's allowable charitable income tax deduction, percentage limitation and reduction rules, substantiating deductions and compliance penalties. |
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In March of 1999, the PGDC published an article regarding the effect of interest rates on charitable contribution deductions for various planned giving vehicles. Given the current low interest rate environment, we thought a reprise would be timely. In this expanded and... |
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Most gift planners are aware that the deductible amount of a charitable gift may be reduced when depreciable property is involved; however, there has been little guidance providing planners with a practical summary of the applicable rules. In this edition of Gift... |
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Recent activity
Charitable Giving Just Got More Affordable!
The Impact on the Charitable Deduction of the New Phaseout of Itemized Deductions
A Hidden Trap for Generous Corporations
The morning of ...