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CONTENTSChapter Sixteen Charitable Lead Trusts 51516.1 General Rules 51516.2 Income Interest 51616.3 Income Tax Charitable Deduction 51716.4 Tax Treatment of Charitable Lead Trusts 51816.5 Testamentary Use of Charitable Lead Trusts 52016.6 Percentage Limitation Rules 52016.7 Private Foundation Rules 52116.8 Anti-Abuse Rule Concerning Income Interests 52216.9 Charitable Income Trusts 52416.10 Comparison with Charitable Remainder Trusts 52516.11 Valuing Charitable Deduction 525Chapter Seventeen Gifts of and Using Life Insurance 52717.1 Introduction 52717.2 Life Insurance Concepts 52817.3 Charitable Giving and Insurance 53017.4 Insurable Interest 53517.5 Unrelated Debt-Financed Income Considerations 53817.6 Charitable Split-Dollar Insurance Plans 538PART FIVEINTERNATIONAL CHARITABLE GIVINGChapter EighteenInternational Giving by Individuals duringLifetime 54718.1 Introduction 54718.2 Background 54818.3 Earmarking and Conduit Restrictions 55018.4 Control over Foreign Donees 55318.5 Summary 55618.6 Income Tax Treaties 556Chapter NineteenInternational Giving by Individuals throughEstates 55919.1 Introduction 55919.2 Estate Tax Rules 56019.3 Gift Tax Rules 56519.4 Charitable Giving by Noncitizen Nonresidents 565 xi
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 16: CONTENTS7.14 Blending Percentage Li
Page 20: CONTENTS12.4 Issues 44212.5 Tax Tre
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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