Charitable Donations, IRS | JD Supra Law News

High Net Worth Family Tax Report, Vol. 8, No. 2 -- May 2013

by Loeb & Loeb LLP on 5/18/2013

President’s fiscal year 2014 budget contains numerous tax provisions - President Barack Obama released his proposed budget for the government’s fiscal year 2014 on April 10, 2013, and, not surprisingly, the budget...more

Internet Fundraising for Tax-Exempt Organizations

by Jamie Bowles | Proskauer - Not for Profit/Exempt... on 5/9/2013

The IRS recently released an Information Letter, written in response to a congressman’s inquiry about an unidentified charity’s unidentified practices, confirming that Section 501(c)(3) organizations may use the internet to...more

Raising Funds for Nonprofits: Key Legal Issues, Common Pitfalls & New Intellectual Property Concerns

by Marcella Ballard, Kristalyn Loson, Jeffrey S. Tenenbaum | Venable LLP on 4/1/2013

In this presentation: *Charitable Solicitation: - Charitable Solicitation Regulatory Overview - Legal Considerations for the Charity’s Own Fundraising - Working with Professional...more

Protection and Goodwill – Documenting Charitable Contributions in the Eyes of the IRS

by Deborah Tellier | Farella Braun + Martel LLP on 3/26/2013

April 15th is just around the corner, and every year clients ask us what paperwork is needed to document charitable contributions. As a reminder, the IRS allows you to deduct up to 50% of your adjusted gross income donated...more

Consider a Private Foundation to Fulfill Your Philanthropic Goals

by Marla K. Conley, Walter Ferst, Cynthia Fischer, Jonathan R. Flora, Barbara E. Little, Bruce Rosenfield, Roy Ross | Schnader Harrison Segal & Lewis LLP on 2/18/2013

There are a variety of vehicles through which individuals and families can promote their charitable giving goals, and private foundations are often a leading choice. Simply stated, a private foundation is a type of charitable...more

IRS Issues Regulations for Type III Supporting Organizations

by Frances Emmeline Babb, Edward Chaney, Matthew Elkin, Kimberly Eney, Alexander Reid, Celia Roady, Caroline Waldner | Morgan Lewis on 1/30/2013

Type III supporting organizations should take steps to comply with new regulations and funders should review due diligence procedures for grants made to these organizations. On December 21, 2012, the Internal Revenue...more

IRS Announces Deadline to Make 2012 Charitable/IRA Rollovers

by J. Grant Coleman | King, Krebs & Jurgens, PLLC on 1/18/2013

On January 16, 2013, the IRS issued a notice (IR-2013-6) advising that certain IRA owners have a limited time to make tax-free transfers to eligible charities and have them count for 2012. IRA owners age 70½ or older have...more

New Tax Act Provides Long-Awaited Clarity and Certainty on Estate, Gift and Generation-Skipping Transfer Taxes, and Income Tax...

by Patrick McCabe, Danielle Zaragoza | Morrison & Foerster LLP on 1/15/2013

On January 1, 2013, the Senate and the House of Representatives passed the American Taxpayer Relief Act of 2012 (ATRA), averting the so-called “fiscal cliff.” The legislation, which was signed by President Obama on January 2,...more

New Tax Act's Impact on Planning for Charitable Donations

by Jill Dodd, Vivian Redsar | Manatt, Phelps & Phillips, LLP on 1/9/2013

New Year's Day brought new tax legislation passed by Congress, called the American Taxpayer Relief Act of 2012 (the "Act"), which President Obama has signed into law. The Act has made some important changes to the tax law...more

Retirement and Pensions Update - Janurary 2, 2013

by David Leiter, Abby Matousek | Mintz Levin - Employment, Labor & Benefits on 1/3/2013

In This Update: Fiscal Cliff Deal Includes Provisions on Charitable Contributions and Roth Roll Overs; PBGC Testifies in Subcommittee Hearing on Multiemployer Plans; IRS Updates Retirement Plan Rules for Hurricane...more

Gift and Estate Tax Changes in the American Taxpayer Relief Act of 2012

by Scott Adams | Bradley Arant Boult Cummings LLP on 1/3/2013

On January 1, 2013, President Obama signed into law the American Taxpayer Relief Act of 2012 (the “2012 Act”) that was passed by Congress during the past 72 hours, bringing closure to the main tax aspects of the so-called...more

Feeling Generous This Year?

by Moskowitz LLP on 12/31/2012

Giving to others is rewarding in and of itself, but it's always nice to see your generosity provide you with a tax benefit and result in a lower tax bill. In our tax law practice we represent many individuals and one of the...more

Good Donor Stewardship —Acknowledging Contributions

by Marla K. Conley, Barbara E. Little | Schnader Harrison Segal & Lewis LLP on 12/3/2012

As we move into the height of this year’s charitable giving season, we respectfully remind our clients of the IRS’ very strict view, and recently reiterated emphasis, on providing donors with proper paperwork substantiating...more

Tax Law Blog: Giving Back After Hurricane Sandy

by Davis Brown Law Firm on 11/21/2012

As we approach Thanksgiving and the holiday season so soon after the destruction of Hurricane Sandy, many families and individuals find themselves considering charitable giving. Here are a few tips and tricks to consider...more

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Charitable Donations › Internal Revenue Service