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More About This Title The Tax Law of Charitable Giving, Fifth Edition 2019 Cumulative Supplement
English
The Tax Law of Charitable Giving is the leading guide to the law, rules, and regulations governing charitable giving. Author Bruce R. Hopkins is the most respected authority in the field; in this book, he provides a comprehensive update on the latest changes to the law, new Treasury Department regulations, and much more to help lawyers, managers, and development directors in tax-exempt organizations stay up-to-date on all regulations pertaining to charitable gifts. The companion website provides additional tables, appendices, IRS guidelines, and other useful documents to help nonprofits make fully informed decisions about their fund-development programs.
As quickly as tax law evolves, it remains the nonprofit's responsibility to stay up-to-date and compliant with all relevant regulations. This book provides a definitive reference for the latest changes, new laws, and upcoming legislation to provide an accessible one-stop reference.
- Examine the latest changes to the laws surrounding charitable giving
- Learn how the new healthcare tax affects pooled income funds
- Understand the Treasury Department's new regulations for reporting, appraisal, and more
- Access reference tables, IRS guidelines, and other useful documents
Charitable gifts are the cornerstone of the nonprofit organization's support, and American taxpayers give more than any other group worldwide. The rules surrounding these gifts are complex, but compliance is critical to the health of the organization. The Tax Law of Charitable Giving provides an authoritative reference for all aspects of the law, with the most up-to-date information available anywhere.
English
Preface ix
About the Author xi
Book Citations xiii
Part One Introduction to the Tax Law of Charitable Giving 1
Chapter One Charitable Giving Law: Basic Concepts 3
§ 1.3 Principles of Charitable Organizations Law Philosophy 3
*§ 1.4 Statistical Profile of Charitable Sector 3
Chapter Two The United States Tax System: An Overview 5
*§ 2.5 Deductions 5
*§ 2.6 Standard Deduction 6
*§ 2.7 Concept of Taxable Income 6
*§ 2.15 Taxation of Income 7
Part Two Basics of Charitable Giving Law 9
Chapter Three Fundamental Concepts 11
*§ 3.1 Meaning of Gift 11
*§ 3.2 Meaning of Donor 15
§ 3.4 Public Charities and Private Foundations 16
§ 3.6 Factors Affecting Income Tax Deductibility of Charitable Gifts 20
*§ 3.7 Charitable Organizations Listing Reliance Rules 20
Chapter Four Gifts of Money and Property 25
*§ 4.3 Gifts of Long-Term Capital Gain Property in General 25
*§ 4.4 Gifts of Ordinary Income Property 25
*§ 4.8 Step Transaction Doctrine 25
Part Three Charitable Giving In General 27
Chapter Six Timing of Charitable Deductions 29
§ 6.13A Gifts of Easements (New) 29
§ 6.15 Gifts by S Corporations 30
*§ 6.16 Gifts by Partnerships 30
Chapter Seven Percentage Limitations 31
*§ 7.2 Individual’s Contribution Base 31
*§ 7.4 Percentage Limitations: An Overview 31
*§ 7.4A Sixty Percent Limitation 32
*§ 7.5 Fifty Percent Limitation 33
§ 7.12A Qualified Conservation Contributions 33
§ 7.12B Conservation Gifts by Farmers and Ranchers 35
Chapter Eight Estate and Gift Tax Considerations 39
*§ 8.2 Federal Gift Tax 39
Chapter Nine Special Gift Situations 41
§ 9.3 Inventory 41
*§ 9.7 Conservation Property 42
§ 9.10 Retirement Plan Accounts 51
§ 9.19 Bargain Sales 52
*§ 9.22 Contributions by Trusts 52
§ 9.22A Contributions by Estates 54
*§ 9.25A College Seating Rights 58
Chapter Ten Other Aspects of Deductible Giving 59
*§ 10.1 Valuation of Property 59
§ 10.4 Conditional Gifts 61
§ 10.7 Interrelationship with Business Expense Deduction 61
*§ 10.14 Penalties 62
*§ 10.15 Transactions of Interest 64
Part Four Planned Giving 69
Chapter Eleven Valuation of Partial Interests 71
*§ 11.3 General Actuarial Valuations 71
Chapter Twelve Charitable Remainder Trusts 73
§ 12.1 Definitions 73
§ 12.2 Charitable Remainder Annuity Trust Rules 73
§ 12.3 Charitable Remainder Unitrust Rules 76
*§ 12.4 Issues 76
§ 12.10 Private Foundation Rules 77
§ 12.12 Calculation of Charitable Deduction 77
§ 12.13 Regular Termination of Charitable Remainder Trusts 80
Chapter Thirteen Pooled Income Funds 83
*§ 13.7 Pass-Through of Depreciation 83
Chapter Sixteen Charitable Lead Trusts 85
§ 16.7 Private Foundation Rules 85
Part Five International Charitable Giving 87
Chapter Eighteen International Giving by Individuals during Lifetime 89
Part Six Administration of Charitable Giving Programs 91
Chapter Twenty-One Substantiation and Appraisal Requirements 93
*§ 21.1 Introduction 93
*§ 21.2 Record-Keeping Requirements for Gifts of Money 94
*§ 21.2A Substantiation Requirement for Conservation Contributions 95
*§ 21.3 Substantiation Requirements for Gifts of $250 or More 95
*§ 21.4 Substantiation Requirements for Noncash Gifts 101
*§ 21.5 Appraisal Requirements 104
*§ 21.7 Rules as to Clothing and Household Items 107
*§ 21.7A Substantiation Requirements for Gifts to Donor-Advised Funds 107
*§ 21.8 Burden of Proof Rules 108
Chapter Twenty-Three Special Events, Corporate Sponsorships, and Donor-Advised Funds 109
*§ 23.4 Donor-Advised Funds 109
Part Seven Appendices 119
Appendix H Monthly Federal Interest Rates Used in Valuing Partial Interests (IRC § 7520) 121
Appendix I Deemed Rates of Return for Transfers to New Pooled Income Funds 129
Part Eight Tables 131
Cumulative Table of Cases 133
Cumulative Table of IRS Revenue Rulings and Revenue Procedures 147
Cumulative Table of IRS Private Determinations Cited in Text 151
Cumulative Table of IRS Private Letter Rulings, Technical Advice
Memoranda, and General Counsel Memoranda 155
Cumulative Table of Cases Discussed in Bruce R. Hopkins’ Nonprofit Counsel 165
Cumulative Table of IRS Revenue Rulings Discussed in Bruce R. Hopkins’ Nonprofit Counsel 171
Cumulative Table of Private Letter Rulings and Technical Advice Memoranda Discussed in Bruce R. Hopkins’ Nonprofit Counsel 173
About the Online Resources 175
Cumulative Index 177
