by Christine | Sep 21, 2012 | Charitable Giving |
The recession’s effect on total charitable giving may never be fully known because many donors don’t itemize contributions on their tax returns. Still, the economic downturn caused a bigger drop in total giving than was previously estimated, according to figures...
by Christine | Sep 13, 2012 | Charitable Giving, Estate Law, Gift |
Warren Buffett celebrated his 82nd birthday last Thursday by announcing an additional $3.1 billion in donations to the charities run by his three children. Most of us spend our birthdays receiving gifts. In fact, that’s been the standard operating procedure...
by Christine | Aug 15, 2012 | Alzheimer's, Appraisal, Charitable Giving, Estate Planning, Gift, Gift Tax |
"We're sort of in a perfect storm right now because the gift tax exemption is higher than it's ever been, and the value of businesses are at an all-time low, which makes it a perfect time to gift them," says Karen Goldberg, president of the Estate...
by Christine | Jun 21, 2012 | Charitable Giving, Taxes |
As the tax-code debate heats up this election season, one cherished break for taxpayers in upper brackets—the deduction for charitable contributions—is under fire. The bridge is out. As the current tax code barrels down the track there seems to be no one in the engine...
by Christine | Jun 20, 2012 | Charitable Giving, Real Estate |
A California entrepreneur got a harsh lesson on the rules of charitable contributions… when the U.S. Tax Court denied his $18.5 million deduction for real estate donations —not because he inflated their values, but because he didn't follow the rules. When it comes...
by Christine | May 25, 2012 | Charitable Giving, Easement, Estate Planning, Real Estate |
If you have property that you would like preserve in its present form, there is nothing so close to a free lunch as the donation of an easement. Out in the country, you will call it a conservation easement. In the big city it is a facade easement. In either case, the...
