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CONTENTS7.14 Blending Percentage Limitations 2127.15 Individuals’ Net Operating Loss Carryovers and Carrybacks 2137.16 Rules for Spouses 2167.17 Information Requirements 2197.18 Percentage Limitation for Corporations 2197.19 Corporations’ Net Operating Loss Carryovers and Carrybacks 221Chapter Eight Estate and Gift Tax Considerations 2238.1 Introduction 2238.2 Federal Gift Tax 2258.3 Federal Estate Tax 2348.4 Unification of Taxes 2458.5 Generation-Skipping Transfer Tax 2468.6 Estate Planning Principles 2498.7 Remainder Interests 2558.8 Ascertainability 263Chapter Nine Special Gift Situations 2679.1 Works of Art 2689.2 Gems 2719.3 Inventory 2729.4 Scientific Research Property 2819.5 Computer Technology or Equipment 2829.6 Contributions of License to Use Patent 2839.7 Real Property Used for Conservation Purposes 2859.8 S Corporation Stock 2949.9 Section 306 Stock 3029.10 Retirement Plan Accounts 3039.11 Commodity Futures Contracts 3089.12 Donors’ Creations 3109.13 Charity Auctions 3119.14 Services 3179.15 Unreimbursed Expenses 3189.16 Limitation on Deduction for Expenses Due to Pleasure 3229.17 Automobile Expenses 3259.18 Use of Property 3269.19 Bargain Sales 326 viii
Page 1: Unverkäufliche Leseprobe des St. B
Page 6: The third edition of this book is d
Page 12: CONTENTS2.16 Capital Assets, Gains,
Page 18: CONTENTS9.20 Property Subject to De
Page 22: CONTENTSChapter Sixteen Charitable
Page 26: CONTENTS24.9 Prohibited Acts 63424.
Page 32: PREFACEThus, while writing suppleme
Page 38: LEGISLATIVE UPDATEBetween the time
Page 42: LEGISLATIVE UPDATEThe IRS is author
Page 46: PARTONEIntroduction to the Tax Lawo
Page 52: CHARITABLE GIVING LAW: BASIC CONCEP
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CHARITABLE GIVING LAW: BASIC CONCEP
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THE UNITED STATES TAX SYSTEM: AN OV
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PARTTWOBasics of Charitable Giving
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FUNDAMENTAL CONCEPTScounsel advice
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FUNDAMENTAL CONCEPTSand then leasin
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FUNDAMENTAL CONCEPTSsimilar to the
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FUNDAMENTAL CONCEPTSThere are at le
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FUNDAMENTAL CONCEPTScharitable orga
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FUNDAMENTAL CONCEPTS• The otherwi
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FUNDAMENTAL CONCEPTSbusiness to des
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FUNDAMENTAL CONCEPTS• Payments to
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FUNDAMENTAL CONCEPTS• Merchants a
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FUNDAMENTAL CONCEPTSthat the govern
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FUNDAMENTAL CONCEPTSof the organiza
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FUNDAMENTAL CONCEPTSall of its asse
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FUNDAMENTAL CONCEPTSStill another o
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FUNDAMENTAL CONCEPTSincome. The IRS
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FUNDAMENTAL CONCEPTScorporation ado
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FUNDAMENTAL CONCEPTSto the charitab
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FUNDAMENTAL CONCEPTSThe IRS did not
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FUNDAMENTAL CONCEPTSemployees (and
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FUNDAMENTAL CONCEPTSPartnerships 24
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FUNDAMENTAL CONCEPTS• A domestic
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FUNDAMENTAL CONCEPTSdetermine what
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FUNDAMENTAL CONCEPTS• Other. Othe
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FUNDAMENTAL CONCEPTS• Cooperative
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FUNDAMENTAL CONCEPTSall charitable
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FUNDAMENTAL CONCEPTSAlthough some c
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FUNDAMENTAL CONCEPTShold, invest, a
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FUNDAMENTAL CONCEPTSIn computing th
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FUNDAMENTAL CONCEPTSThe term suppor
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FUNDAMENTAL CONCEPTSor business lea
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FUNDAMENTAL CONCEPTSas “in the ca
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FUNDAMENTAL CONCEPTSconducted trade
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FUNDAMENTAL CONCEPTSto the distribu
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§ 3.7 GRANTOR TRUST RULESFUNDAMENT
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C H A P T E R F O U R4Gifts of Mone
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§ 4.2 GIFTS OF PROPERTY IN GENERAL
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§ 4.4 GIFTS OF ORDINARY INCOME PRO
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§ 4.4 GIFTS OF ORDINARY INCOME PRO
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§ 4.5 CERTAIN GIFTS OF CAPITAL GAI
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§ 4.6 GIFTS OF PROPERTY FOR UNRELA
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§ 4.7 VARIATIONS IN APPLYING PROPE
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§ 4.8 STEP TRANSACTION DOCTRINEmar
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§ 4.8 STEP TRANSACTION DOCTRINEThe
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§ 4.9 CHARITABLE PLEDGESwhich the
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C H A P T E R F I V E5Fundamentals
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§ 5.3 PLANNED GIFTS: CORE CONCEPTS
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§ 5.4 CHARITABLE REMAINDER TRUSTSp
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§ 5.4 CHARITABLE REMAINDER TRUSTS4
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§ 5.4 CHARITABLE REMAINDER TRUSTSI
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§ 5.5 POOLED INCOME FUNDS(g) Gift
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§ 5.5 POOLED INCOME FUNDStrustee.
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§ 5.5 POOLED INCOME FUNDS(d) Deter
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§ 5.5 POOLED INCOME FUNDSA pooled
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§ 5.7 CHARITABLE LEAD TRUSTS(a) Ge
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§ 5.8 PLANNED GIVING: OTHER FORMSi
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§ 5.9 PLANNED GIVING AND SECURITIE
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C H A P T E R S I X6Timing of Chari
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§ 6.2 GIFTS OF MONEY BY CHECK§ 6.
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§ 6.3 GIFTS OF MONEY BY CREDIT CAR
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§ 6.5 GIFTS OF SECURITIESthe bank
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§ 6.8 GIFTS BY LETTERS OF CREDITat
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§ 6.12 GIFTS OF REAL PROPERTYclaim
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§ 6.14 GIFTS BY PARTNERSHIPSTo sat
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§ 6.15 GIFTS BY MEANS OF THE INTER
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PERCENTAGE LIMITATIONSThe deductibi
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PERCENTAGE LIMITATIONSin value and
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PERCENTAGE LIMITATIONSThere is a 30
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PERCENTAGE LIMITATIONSAs discussed
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PERCENTAGE LIMITATIONSa year interv
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PERCENTAGE LIMITATIONSAmount of exc
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PERCENTAGE LIMITATIONSWhen a donor
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PERCENTAGE LIMITATIONSrespect to co
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PERCENTAGE LIMITATIONSEXAMPLE 7.12I
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PERCENTAGE LIMITATIONScenter, with
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PERCENTAGE LIMITATIONSEXAMPLE 7.14T
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PERCENTAGE LIMITATIONS§ 7.11 INTER
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PERCENTAGE LIMITATIONStypes of gift
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PERCENTAGE LIMITATIONSto 2006. Beca
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PERCENTAGE LIMITATIONSany excess ch
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PERCENTAGE LIMITATIONSIn the case o
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PERCENTAGE LIMITATIONS(b) Carryover
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PERCENTAGE LIMITATIONS(b) Carryback
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ESTATE AND GIFT TAX CONSIDERATIONSe
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ESTATE AND GIFT TAX CONSIDERATIONST
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ESTATE AND GIFT TAX CONSIDERATIONS(
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ESTATE AND GIFT TAX CONSIDERATIONSt
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ESTATE AND GIFT TAX CONSIDERATIONSs
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ESTATE AND GIFT TAX CONSIDERATIONS(
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ESTATE AND GIFT TAX CONSIDERATIONSd
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ESTATE AND GIFT TAX CONSIDERATIONSt
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ESTATE AND GIFT TAX CONSIDERATIONSw
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ESTATE AND GIFT TAX CONSIDERATIONSo
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ESTATE AND GIFT TAX CONSIDERATIONS
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ESTATE AND GIFT TAX CONSIDERATIONSN
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ESTATE AND GIFT TAX CONSIDERATIONSC
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ESTATE AND GIFT TAX CONSIDERATIONSe
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ESTATE AND GIFT TAX CONSIDERATIONSi
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ESTATE AND GIFT TAX CONSIDERATIONSa
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ESTATE AND GIFT TAX CONSIDERATIONS
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ESTATE AND GIFT TAX CONSIDERATIONSr
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ESTATE AND GIFT TAX CONSIDERATIONSc
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C H A P T E R N I N E9Special Gift
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§ 9.1 WORKS OF ART3. The work of a
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§9.2 GEMS• Two donors contribute
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§ 9.3 INVENTORYIn general, the amo
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§ 9.3 INVENTORYfor the use of) the
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§ 9.3 INVENTORY“designed to reim
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§ 9.3 INVENTORYthe immediately pre
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§ 9.4 SCIENTIFIC RESEARCH PROPERTY
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§ 9.6 LICENSE TO USE PATENT5. The
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§ 9.7 REAL PROPERTY USED FOR CONSE
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§ 9.8 S CORPORATION STOCKshare of
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§ 9.8 S CORPORATION STOCKunrelated
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§ 9.8 S CORPORATION STOCKtaxable i
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§ 9.8 S CORPORATION STOCKassets in
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§ 9.10 RETIREMENT PLAN ACCOUNTSDur
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§ 9.10 RETIREMENT PLAN ACCOUNTSper
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§ 9.10 RETIREMENT PLAN ACCOUNTSBy
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§ 9.11 COMMODITY FUTURES CONTRACTS
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§ 9.13 CHARITY AUCTIONSIn one inst
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§ 9.13 CHARITY AUCTIONSThere is no
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§ 9.13 CHARITY AUCTIONSThe substan
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§9.14 SERVICES(g) Reporting RulesA
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§ 9.15 UNREIMBURSED EXPENSESand ma
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§ 9.15 UNREIMBURSED EXPENSES(d) Du
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§ 9.16 LIMITATION ON DEDUCTION FOR
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§ 9.17 AUTOMOBILE EXPENSES“quant
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§ 9.19 BARGAIN SALES(a) Definition
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§ 9.19 BARGAIN SALESThese rules as
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§ 9.20 PROPERTY SUBJECT TO DEBTOne
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§ 9.21 FUTURE INTERESTS IN TANGIBL
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§ 9.21 FUTURE INTERESTS IN TANGIBL
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§ 9.22 CONTRIBUTIONS BY TRUSTSavai
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§ 9.22 CONTRIBUTIONS BY TRUSTSWhen
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§ 9.22 CONTRIBUTIONS BY TRUSTSpurp
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§ 9.23 PARTIAL INTERESTSpurpose, t
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§ 9.24 CHARITABLE FAMILY LIMITED P
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§ 9.25 USED VEHICLESTen issues of
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§ 9.26 INTELLECTUAL PROPERTY2003,
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§ 9.28 PUBLIC POLICY CONSIDERATION
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§ 9.28 PUBLIC POLICY CONSIDERATION
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OTHER ASPECTS OF DEDUCTIBLE GIVINGT
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OTHER ASPECTS OF DEDUCTIBLE GIVINGr
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OTHER ASPECTS OF DEDUCTIBLE GIVING
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OTHER ASPECTS OF DEDUCTIBLE GIVINGC
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OTHER ASPECTS OF DEDUCTIBLE GIVINGa
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OTHER ASPECTS OF DEDUCTIBLE GIVINGA
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OTHER ASPECTS OF DEDUCTIBLE GIVINGg
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OTHER ASPECTS OF DEDUCTIBLE GIVINGa
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OTHER ASPECTS OF DEDUCTIBLE GIVINGE
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OTHER ASPECTS OF DEDUCTIBLE GIVING(
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OTHER ASPECTS OF DEDUCTIBLE GIVINGf
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OTHER ASPECTS OF DEDUCTIBLE GIVINGd
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OTHER ASPECTS OF DEDUCTIBLE GIVINGt
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OTHER ASPECTS OF DEDUCTIBLE GIVINGw
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OTHER ASPECTS OF DEDUCTIBLE GIVINGS
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11C H A P T E R E L E V E NValuatio
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§ 11.3 GENERAL ACTUARIAL VALUATION
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§ 11.3 GENERAL ACTUARIAL VALUATION
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§ 11.4 NONSTANDARD ACTUARIAL FACTO
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§ 11.4 NONSTANDARD ACTUARIAL FACTO
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CHARITABLE REMAINDER TRUSTS(f) Char
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CHARITABLE REMAINDER TRUSTSorganiza
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CHARITABLE REMAINDER TRUSTSThere ar
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CHARITABLE REMAINDER TRUSTSamount o
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CHARITABLE REMAINDER TRUSTSEXAMPLE
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CHARITABLE REMAINDER TRUSTSreceive
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CHARITABLE REMAINDER TRUSTSThe appl
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CHARITABLE REMAINDER TRUSTSA trust
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CHARITABLE REMAINDER TRUSTSFor exam
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CHARITABLE REMAINDER TRUSTScharitab
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CHARITABLE REMAINDER TRUSTSby the p
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CHARITABLE REMAINDER TRUSTSStandard
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CHARITABLE REMAINDER TRUSTSthe amou
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CHARITABLE REMAINDER TRUSTSduring t
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CHARITABLE REMAINDER TRUSTSThe exam
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CHARITABLE REMAINDER TRUSTSbenefici
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CHARITABLE REMAINDER TRUSTSThe 5 pe
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CHARITABLE REMAINDER TRUSTS(h) Addi
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CHARITABLE REMAINDER TRUSTS(j) Char
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CHARITABLE REMAINDER TRUSTScharacte
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CHARITABLE REMAINDER TRUSTSA trust
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CHARITABLE REMAINDER TRUSTSdeductio
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CHARITABLE REMAINDER TRUSTSavailabl
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CHARITABLE REMAINDER TRUSTScreate a
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CHARITABLE REMAINDER TRUSTS• Seco
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CHARITABLE REMAINDER TRUSTS(c) Othe
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CHARITABLE REMAINDER TRUSTS(e) Anti
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CHARITABLE REMAINDER TRUSTShighest
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CHARITABLE REMAINDER TRUSTS§ 12.7
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CHARITABLE REMAINDER TRUSTS§ 12.8
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CHARITABLE REMAINDER TRUSTSrespect
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CHARITABLE REMAINDER TRUSTS(c) Qual
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§ 13.1 DEFINITIONSPOOLED INCOME FU
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POOLED INCOME FUNDSincome interest
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POOLED INCOME FUNDSA national organ
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POOLED INCOME FUNDSThe amount so se
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POOLED INCOME FUNDSEXAMPLE 13.2On J
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POOLED INCOME FUNDSConcurrently wit
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POOLED INCOME FUNDS(GAAP), the trus
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POOLED INCOME FUNDScontributed” a
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POOLED INCOME FUNDSnational organiz
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POOLED INCOME FUNDSincome fund is m
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CHARITABLE GIFT ANNUITIESthe person
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CHARITABLE GIFT ANNUITIESassign his
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CHARITABLE GIFT ANNUITIESThere are
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CHARITABLE GIFT ANNUITIES§ 14.9 CH
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OTHER GIFTS OF REMAINDER INTERESTSI
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OTHER GIFTS OF REMAINDER INTERESTSa
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OTHER GIFTS OF REMAINDER INTERESTSA
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OTHER GIFTS OF REMAINDER INTERESTSa
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OTHER GIFTS OF REMAINDER INTERESTSe
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CHARITABLE LEAD TRUSTSremainder tru
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CHARITABLE LEAD TRUSTSUnder this ap
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CHARITABLE LEAD TRUSTSaccelerate th
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CHARITABLE LEAD TRUSTS§ 16.8 ANTI-
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CHARITABLE LEAD TRUSTSmade pursuant
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C H A P T E R S E V E N T E E N1 7G
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§ 17.2 LIFE INSURANCE CONCEPTSPerm
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§ 17.3 CHARITABLE GIVING AND INSUR
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§ 17.3 CHARITABLE GIVING AND INSUR
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§ 17.4 INSURABLE INTEREST§ 17.4 I
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§ 17.4 INSURABLE INTERESTThe court
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§ 17.6 CHARITABLE SPLIT-DOLLAR INS
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PARTFIVEInternational Charitable Gi
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INTERNATIONAL GIVING BY INDIVIDUALS
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C H A P T E R N I N E T E E N1 9Int
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§ 19.2 ESTATE TAX RULESThe concept
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§ 19.2 ESTATE TAX RULESto stand un
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§ 19.4 CHARITABLE GIVING BY NONCIT
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C H A P T E R T W E N T Y2 0Interna
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§ 20.3 GIFT OF GOODS OR SERVICES T
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§ 20.4 GRANTS OF FUNDS FROM U.S. C
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PARTSIXAdministration of Charitable
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RECEIPT, RECORDKEEPING, AND REPORTI
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C H A P T E R T W E N T Y - T W O2
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§ 22.1 DISCLOSURE BY CHARITABLE OR
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§ 22.2 QUID PRO QUO CONTRIBUTION R
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§ 22.2 QUID PRO QUO CONTRIBUTION R
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§ 22.3 DISCLOSURE BY NONCHARITABLE
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§ 22.3 DISCLOSURE BY NONCHARITABLE
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23CHAPTER TWENTY-THREESpecial Event
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§ 23.1 IRS AUDIT GUIDELINESsweepst
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§ 23.2 SPECIAL EVENTS(d) Audit Gui
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§ 23.3 CORPORATE SPONSORSHIP RULES
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§ 23.3 CORPORATE SPONSORSHIP RULES
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C H A P T E R T W E N T Y - F O U R
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§ 24.2 HISTORICAL PERSPECTIVEThey
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§ 24.5 REGISTRATION REQUIREMENTSex
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§ 24.8 FUNDRAISING COST LIMITATION
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§ 24.10 CONTRACTUAL REQUIREMENTSIn
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§ 24.11 DISCLOSURE REQUIREMENTSUnd
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AA P P E N D I X ASources of the La
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APPENDIX AThe IRS (from its Nationa
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APPENDIX AWest began publishing the
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APPENDIX AExempt Organization Tax R
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APPENDIX BSection 2106(a)(2)(A)—e
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APPENDIX C 652
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A P P E N D I X EAInflation-Adjuste
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A P P E N D I X GAInflation-Adjuste
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APPENDIX HMonthly Federal Interest
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APPENDIX HMonthly Federal Interest
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A P P E N D I X IADeemed Rates of R
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APPENDIX JCHAPTER 5PLANNED GIVING
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APPENDIX JTemple, “Using Deferred
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APPENDIX JCHAPTER 9SPECIAL GIFT SIT
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APPENDIX JKirkwood, “Income Tax P
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APPENDIX JTeitell, “Technical Rem
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APPENDIX JChiles, “Nonqualified C
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APPENDIX JSharpe, “Today’s Plan
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TABLE OF CASESBrown v. Commissioner
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TABLE OF CASESGriffin v. Commission
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TABLE OF CASESMose and Garrison Sis
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TABLE OF CASESStanley Works and Sub
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Table of IRS Revenue Rulingsand Rev
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TABLE OF IRS REVENUE RULINGS AND RE
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TABLE OF IRS PRIVATE DETERMINATIONS
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Table of IRS Private Letter Rulings
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TABLE OF IRS PRIVATE LETTER RULINGS
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TABLE OF CASES DISCUSSED IN BRUCE R
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Table of Private Letter Rulings and
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INDEXCapital assets (continued)earl
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INDEXDonors, identification of, §
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INDEXGift(s) (continued):written st
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INDEXLife insurance (continued):par
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INDEXPooled income funds (continued
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INDEXSS corporations, § 3.2Sales t
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INDEXTuition, exclusion of, from gi
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