charitable gift planning

IRA Charitable Rollover is Back

Greg Herman-Giddens
January 23, 2011 16:53

There's good news if you've reached age 70 1/2, and you have an IRA and philanthropic inclinations. Through 2011, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 resurrected the opportunity to make cash donations to IRS-approved charities directly out of your...

IRS Offers Tips for Year End Donations

Greg Herman-Giddens
December 08, 2009 18:34

From IR-2009-114 Watch Video: Year-End Tax Tips: English | Spanish | ASL Watch Video: Record Keeping: English | ASL WASHINGTON — Individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have taken effect in recent...

Tax Court: Gifts to your own Private Foundation are Deductible

Greg Herman-Giddens
November 17, 2009 11:08

This courtesy of Professor Chris Hoyt of the University of Missouri (Kansas City) School of Law: The Tax Court rejected an argument made by the IRS that a donor should not be able to claim a charitable income tax deduction for a contribution to a private foundation because the donor...

Charitable Trusts - Save Taxes While Benefiting Charity

Greg Herman-Giddens
May 01, 2009 13:59

There are two primary types of charitable trusts - charitable remainder trusts (CRTs) and charitable lead trusts (CLTs).  CRTs are far more common, and are generally funded with a minimum of about $100,000 worth of assets.  With federal income and capital gains tax rates to increase the...

Public Good IRA Rollover Act of 2009

Greg Herman-Giddens
April 25, 2009 16:48

This bill was recently introduced in the U.S. House of Representatives, and is for the expansion of IRA charitable rollovers, which are currently limited to those who have reached 70 1/2, may be no more than $100,000, and must go to a 501(c)(3) organization. The bill does away with the $100,000...