Gift Planning Tips

Tax Reform Proposal Would Shrink Tax Rewards of Giving
Dave Camp (R-Michigan), chair of the House Ways and Means Committee, has put forth a tax reform proposal that would reduce tax rates but at the same time take a major bite out of most deductions, including charitable contributions . . . more

Tax Result of Satisfying a Decedent’s Charitable Pledge
George’s executor was contacted by a charitable organization explaining that George had made a $100,000 pledge to its building campaign, and that $50,000 of the pledge remained unpaid at his death . . . more

“Scrivener’s Errors” Can Cover a Multitude of Sins
Barbara and Earl established a net-income with make-up charitable remainder unitrust with the help of the trustee and charity . . . more

CRT Trustee Can Divert Some Trust Payments to Charities
The IRS several years ago approved a two-life charitable remainder unitrust that allowed charitable organizations to be auxiliary income beneficiaries, as well as remainder beneficiaries . . . more

 

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ADDING TEARS TO FOUR TIERS
Adjustments made for 3.8% net-investment income tax.

PARTING MAY BE SWEET SORROW
Proposed regulation’s deal with sale of trust to third parties.

FIGHTING LIKE CATS AND DOGS FOR BEQUEST
No cy pres argument for appellant who lacks standing.

GIFT PLANE FREE TO SOAR
Cy pres inapplicable where donors can express intent.

TAXPAYER TAKES CREDIT FOR OTHERS’ GIFTS
Lack of substantiation means no deduction allowed.


March 2014 Archive
• Senate Members Call for Maintaining Charitable Deductions
• Donors Need Guidance on Beneficiary Designations
• Time to Accelerate Charitable Bequests?
• Farmer Philanthropy

February 2014 Archive
• U.S. Savings Bonds in a Charitable Remainder Trust
• Trends in Charitable Gift Planning
• Can Charitable Remainder Trusts Pay in to Special Needs Trusts?
• CRT Income Beneficiaries Can Give Charity a Slice

January 2014 Archive
• Challenges with Gifts of Intellectual Property
• Nonqualified Charitable Remainder Trusts Worth a Look
• Who Gets Custody of the Unitrust When a Couple Splits?
• Co-investing Charitable Trusts with Remainder Beneficiary’s Endowment

December 2013 Archive
• Timely Charitable Gift Planning Advice
• Can Gifts to Out-of-State Charities Affect Donors’ Domicile?
• 2014 Tax Numbers and Charitable Gift Annuity Planning
• Property Swap Good for Everyone

November 2013 Archive
• Sorry, We Didn’t Quite Catch Your Name
• Charitable Gift Planning with Mortgaged Real Estate
• Help Donors to Do the Math on “Pease” Limitation
• Charities, Donors Can Agree to End CRTs “Early”

October 2013 Archive
• New Tax Numbers and Charitable Gift Planning
• Gift Planning After the DOMA Rulings
• Time to Remind Older Clients of IRA Gift Rules
• Charitable Bequests of Tax-Burdened Assets