Income Tax

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13 Dec 2002 | Income Tax | National Publication | Article
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...
13 Jan 2005 | Income Tax | National Publication | Article | 2 comments
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...
17 May 2005 | Income Tax | National Publication | Article | 4 comments

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...


For years, both the capital gains tax and the estate tax have been referred to as the "Voluntary Taxes." Donors are counseled how to avoid or reduce either of these taxes, by making charitable gifts or by creating planned gift vehicles.  Dan Rice's recent...

David Wheeler Newman offers a particular and strategic insight into the new tax legislation. Especially if you're a college football fan.
Richard Fox takes a close look at the efficacy of several states' attempted end run around the SALT limitations.
1 Dec 2010 | Income Tax | National Publication | News story
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...
1 Dec 2010 | Income Tax | National Publication | News story
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...
7 Jan 2011 | Income Tax | National Publication | News story
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.
3 Aug 2010 | Income Tax | National Publication | News story

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...

10 Dec 2012 | Income Tax | National Publication | News story

Writing for The Wall Street Journal, Laura Saunders and Hannah Karp report that tax uncertainty in Washington is setting off a mad scramble among wealthy taxpayers and charities to maximize donations before the end of the year. Their worry: The tax deduction...

20 Mar 2013 | Income Tax | National Publication | News story

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...

15 Jul 2013 | Income Tax | National Publication | News story

From 2000 to 2012, at least one attorney helped terminate more charitable remainder trusts than he helped create. Times have changed and CRTs are heating up again, as the new 3.8% medicare surtax on capital gains has caught many investors unaware and looking for...


The Treasury Department issued final regulations under IRC Section 1411 on November 26, 2013 (TD 9644, 78 Fed. Reg. 72394-01), which makes changes to the net investment income (NII) tax as it applies to charitable remainder trusts (CRTs) and wholly charitable...

New code section 199A is confusing and complex and offers many planning opportunities once it is understood. Dennis Walsh helps...
A sample letter to donors.

Now's a good time to tell your clients how to substantiate their charitable gifts on their 2017 federal income tax returns, due April 17, 2018.

5 Feb 2013 | Income Tax | National Publication | Article | 2 comments

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...

Among the sweeping reforms passed in the new tax law are dramatic changes to the reporting of Unrelated Business Taxable Income (UBTI). Dennis Walsh...
6 May 2003 | Income Tax | National Publication | Technical Report

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.

11 Feb 2013 | Income Tax | National Publication | Article | 1 comments

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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7520 Rates:  July 3.4%  June 3.4%  May 3.2%

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Recent activity

New Section 199A - Planners, Sharpen Your Pencil

The Impact on the Charitable Deduction of the New Phaseout of Itemized Deductions

Charitable Giving Just Got More Affordable!

A Hidden Trap for Generous Corporations

The morning of ...