Gift Planning Tips

Income with a Lower Tax Price Tag
There are several options for clients looking to secure tax-free or favorably taxed income while also assisting favorite charities . . . more

Exercise Caution with Trustee Powers
In noncharitable trusts, it’s common practice to give trustees the broadest powers allowed under state law but, for trustees of charitable trusts, some powers could lead to disqualification of the trusts . . . more

Divide and Conquer Doesn’t Always Work
A donor giving noncash assets (other than marketable securities) valued at more than $5,000 is required to obtain a qualified appraisal [Code §170(f)(11)(C)] . . . more

When a Deduction Has to Wait
The deduction for charitable gifts of cars, trucks, boats, planes and other vehicles is generally limited to the gross proceeds charity receives from a sale [Code §170(f)(12)(A)(i)] . . . more


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To download a PDF of the latest gift planning articles from CGTS Analysis & Comment, click here.

The following articles are now available from the latest edition of the Charitable Giving Tax Service Analysis & Comment. To see the complete text, just click on the above link. Archived articles, and the full 1200-page gift planning library are available at no charge if you register and sign in to CGTS-Online, using the link on this page.

CHARITABLE FUNDS NOT “PERMANENTLY SET ASIDE”
Court finds prolonged litigation, other expenses were foreseeable.

TRUST LANGUAGE, NOT STATE STATUTE, PREVAILS
Obligation to pay did not begin at testator’s date of death.

SUBSTANTIATION SMACKDOWNS BY IRS
Tax Court denies deductions for lack of proof.

CONSERVATION EASEMENT MUST STAY IN ONE PLACE
Deduction denied where donor could swap restricted land.


May 2015 Archive
• Stock Gifts: When Are They Complete?
• A Way Around Capital Gains Rules
• Lose by Adding
• Paying Mom and Dad Back the Charitable Way

April 2015 Archive
• Appraisal Dos and Don’ts
• Controlling from the Grave
• So Foreign, Yet So Near
• Choosing Charitable Trustees

March 2015 Archive
• ESOPS and Charitable Gift Arrangements
• Philanthropy and Special Needs Trusts
• Funding Considerations with Testamentary Charitable Remainder Trusts
• Retirement Remainder Trust

February 2015 Archive
• Stock Gifts by S Corporation Shareholders
• “Replacing” Assets Earmarked for Charity
• Homes and Farms Only
• Don’t Make the IRS Guess

January 2015 Archive
• 2015 Begins as 2014 Did
• Charitable Remainder Trusts that Last "Just for a While"
• Plan Carefully with Gift Restrictions
• Letting Charity Benefit Early
• End-of-Life Charitable Planning

December 2014 Archive
• Buy the Sports Car or Save for Retirement?
• When It’s Time to Part with Collectibles
• Two Clauses for Every Will
• Not All Stepparents Are Wicked


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The information contained on this website is written to provide accurate and authoritative information in regard to the subject matters covered. It is published by R&R Newkirk Company with the understanding that in this publication the authors are not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. (From a Declaration of Principles jointly adopted by a committee of the American Bar Association and a committee of publishers and associations. Circular 230 Notice: Any U.S. federal tax advice contained in this publication is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

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