News & Analysis as of

Indiana Property Tax Rulings: Charitable Purpose Exemption For Rented Home And Duplex; Taxpayers Prevail With USPAP Appraisal,...

The following summaries of final determinations by the Indiana Board of Tax Review from the first half of 2014 were prepared by Noeli E. Serna, a 2014 summer associate at Faegre Baker Daniels who will be entering her second...more

What Donors Need to Know About Appreciated Property

Individuals considering gifts of appreciated property to charity should be aware that not all property donations are treated equally for income tax purposes. Depending on the class of property, prior use, the donor’s holding...more

Reliance on Professional Advice Avoids Valuation Penalty

In Whitehouse Hotel Ltd Partnership v. Commissioner, No. 13-60131 (6/11/2014), the Fifth Circuit Court of Appeals vacated the Tax Court’s enforcement of a gross undervaluation penalty imposed on a taxpayer claiming a...more

Business Viewpoint: Can a small business deduct charitable contributions?

During this season of giving, charitable contributions can make a significant difference to those in need. While charitable giving is to be applauded and encouraged, a business owner should take care to understand how to...more

Volunteerism, Charity And Tax Breaks

This past weekend there was a great 60 Minutes segment on Microsoft founder Bill Gates....more

Tax Season Alert: The IRS May Attempt to Disallow Your Charitable Deductions

As you compile your tax material for the preparation of your 2012 income tax returns, now is the perfect time to examine your files to ensure you have all required records to support your charitable contributions,...more

Insight on Estate Planning - February/March 2013: Should you donate life insurance to charity?

Donating life insurance to a favorite charity is an excellent opportunity to make a larger donation than may otherwise be affordable. This article shows why this is so and discusses the most tax-effective way to donate life...more

7 Results
|
View per page
Page: of 1