Charitable Giving Answer Book (2009)

Benefits and Features

 

Highlights Of The 2009 Edition Include:

  • Updated information regarding legislation contained in the Pension Protection Act of 2006 (PPA) and Katrina Emergency Tax Relief Act (KETRA)
  • How the IRS is treating political activity within charitable organizations
  • A discussion regarding participation in prohibited tax shelter transactions and required disclosures
  • Temporarily suspended charitable deduction limitations (§1400S)
  • Updated model trust forms for Charitable Remainder Trusts
  • What is a charitable contribution?
  • What are the various limitations on deductibility of charitable contributions, both for individual and corporate taxpayers?
  • How are contributions of different types of property treated?
  • Is a taxpayer entitled to a deduction if he or she receives a benefit in exchange for a payment to charity?
  • How must a charitable trust be structured to ensure that the donor (grantor) is entitled to a deduction?
  • How can a donor obtain a tax deduction for making a contribution of a conservation easement?
  • Includes a discussion of case law pertaining to easements
  • Can a donor make a contribution and still retain control over how the funds will ultimately be used?
  • Updated information regarding supporting organizations and donor-advised funds
  • How must charitable contributions be documented? Includes a discussion of newly enacted substantiation requirements