The tax law of charitable giving / Bruce R. Hopkins.

Format:

Book

Author/Creator:

Hopkins, Bruce R., author.

Series:

Wiley nonprofit authority series.

Wiley Nonprofit Authority

Language:

English

Subjects (All):

Income tax deductions for charitable contributions--United States.

Income tax deductions for charitable contributions.

Physical Description:

1 online resource (867 pages).

Edition:

6th ed.

Place of Publication:

Hoboken, New Jersey : Wiley, [2021]

Summary:

"Although this sounds like a horrendous conceit, I marvel at this book. More accurately, I marvel at the expanse of this book. The very title suggests a subject that ought to be summarized in a pamphlet: The Tax Law of Charitable Giving. The principal reason for my amazement: How can something as seemingly simple and innocent as charitable giving generate so much law? It is, I suppose, a hallmark of our society; matters of law are quite complicated in the United States, and this includes the matter of the tax law consequences of transferring money and property to charitable organizations"-- Provided by publisher.

Contents:

Cover

Title Page

Copyright

Contents

Preface

Book Citations

Part 1 Introduction to the Tax Law of Charitable Giving

Chapter 1 Charitable Giving Law: Basic Concepts

1.1 Introduction to Charitable Contribution Deduction

1.2 Defining Tax‐Exempt Organizations

1.3 Charitable Organizations Law Philosophy

1.4 Statistical Profile of Charitable Sector

1.5 History of Charitable Contribution Deduction

1.6 Charitable Contribution Deduction Reform Proposals

Chapter 2 Fundamental Concepts

2.1 Definition of Gift

2.2 Definition of Donor

2.3 Definition of Charitable Organization

2.4 Public Charities and Private Foundations

2.5 Unrelated Business Law

2.6 Factors Affecting Income Tax Deductibility of Charitable Gifts

2.7 Charitable Organizations Listing Reliance Rules

2.8 Grantor Trust Law

Chapter 3 Contributions of Money and Property

3.1 Contributions of Money

3.2 Contributions of Property in General

3.3 Contributions of Long‐Term Capital Gain Property in General

3.4 Contributions of Ordinary Income Property

3.5 Certain Contributions of Capital Gain Property

3.6 Contributions of Property for Unrelated Use

3.7 Step Transaction Doctrine

3.8 Charitable Pledges

Part 2 Charitable Giving in General

Chapter 4 Timing of Charitable Deductions

4.1 Overview of Law

4.2 Contributions of Money in General

4.3 Contributions of Money by Check

4.4 Contributions of Money by Credit Card

4.5 Contributions of Money by Telephone

4.6 Contributions of Securities

4.7 Contributions of Copyright Interest

4.8 Contributions by Means of Notes

4.9 Contributions by Letters of Credit

4.10 Contributions of Property Subject to Option

4.11 Contributions of Stock Options.

4.12 Contributions of Credit Card Rebates

4.13 Contributions of Tangible Personal Property

4.14 Contributions of Real Property

4.15 Contributions of Easements

4.16 Contributions by C Corporations

4.17 Contributions by S Corporations

4.18 Contributions by Partnerships

4.19 Contributions by Means of the Internet

Chapter 5 Limitations on Annual Deductibility

5.1 Overview of Law

5.2 Individuals' Contribution Base

5.3 Corporations' Taxable Income

5.4 Percentage Limitations: An Overview

5.5 Sixty Percent Limitation

5.6 Fifty Percent Limitation

5.7 Thirty Percent Limitation for Gifts of Certain Property

5.8 Electable 50 Percent Limitation

5.9 General 30 Percent Limitation

5.10 Interplay of 50 Percent/Special 30 Percent Limitations

5.11 Interplay of 50 Percent/General 30 Percent Limitations

5.12 Interplay of Special 30 Percent/General 30 Percent Limitations

5.13 Twenty Percent Limitation

5.14 Qualified Conservation Contribution Law

5.15 Conservation Gifts by Farmers and Ranchers

5.16 Gifts for the Use of Charity

5.17 Blending Percentage Limitations

5.18 Rules for Spouses

5.19 Information Requirements

5.20 Percentage Limitation for Corporations

Chapter 6 Estate and Gift Law

6.1 Overview of Law

6.2 Federal Gift Tax

6.3 Federal Estate Tax

6.4 Unification of Taxes

6.5 Remainder Interests

6.6 Ascertainability of Value of Charitable Interest

Chapter 7 Unique Charitable Contribution Laws

7.1 Works of Art

7.2 Gems

7.3 Inventory

7.4 Scientific Research Property

7.5 License to Use Patent

7.6 Easements and Other Conservation Property

7.7 S Corporation Stock

7.8 Section 306 Stock

7.9 Retirement Plan Accounts

7.10 Commodity Futures Contracts.

7.11 Donors' Creations

7.12 Charity Auctions

7.13 Services

7.14 Unreimbursed Expenses

7.15 Limitation on Deduction for Expenses Due to Pleasure

7.16 Automobile Expenses

7.17 Use of Property

7.18 Bargain Sales

7.19 Property Subject to Debt

7.20 Future Interests in Tangible Personal Property

7.21 Contributions by Trusts

7.22 Taxidermy

7.23 Clothing and Household Items

7.24 Vehicles

7.25 Intellectual Property

7.26 Foreign Tax Credit

7.27 Subsistence Whaling Expenses

7.28 Virtual Currency Transactions

Chapter 8 Additional Aspects of Deductible Giving

8.1 Contributions by Means of an Agent

8.2 Contributions for the Use of Charity

8.3 Conditional Contributions

8.4 Earmarking of Contributions for Individuals

8.5 Interrelationship with Business Expense Deduction

8.6 Denial of Deduction for Lobbying Activities

8.7 Deductible Contributions to Noncharitable Organizations

8.8 Reallocation of Deductions

8.9 Funding of Terrorism

8.10 Statute of Limitations

8.11 Concept of Trust Income

8.12 Unrelated Business Income Charitable Deduction

8.13 Charitable Family Limited Partnerships

8.14 Abusive Tax Transactions

8.15 Public Policy Considerations

Part 3 Planned Giving

Chapter 9 Planned Giving and Valuation

9.1 Planned Giving Fundamentals

9.2 Partial Interests Law

9.3 Overview of Valuation Law

9.4 Standard Actuarial Factors

9.5 General Actuarial Valuations

9.6 Nonstandard Actuarial Factors

9.7 Securities Laws

Chapter 10 Charitable Remainder Trusts

10.1 Definitions

10.2 Charitable Remainder Annuity Trust Law

10.3 Charitable Remainder Unitrust Law

10.4 Issues

10.5 Tax Treatment of Distributions.

10.6 Division of Charitable Remainder Trusts

10.7 Basis in Disposition of Term Interest

10.8 Taxation of Charitable Remainder Trusts

10.9 Mandatory Provisions

10.10 Private Foundation Law

10.11 University Endowment Investment Sharing

10.12 Charitable Remainder Trusts as Partners or Shareholders in REITs

10.13 Wealth Replacement Trusts

10.14 Calculation of Charitable Contribution Deduction

10.15 Merger of Charitable Remainder Trusts

10.16 Early Terminations of Charitable Remainder Trusts

10.17 Regular Termination of Charitable Remainder Trusts

Chapter 11 Pooled Income Funds

11.1 Definitions

11.2 Qualifying Pooled Income Funds

11.3 Allocation of Income

11.4 Recognition of Gain or Loss on Transfers

11.5 Mandatory Provisions

11.6 Private Foundation Law

11.7 Pass‐Through of Depreciation

11.8 Tax Status of Funds and Beneficiaries

11.9 Multiorganization Pooled Income Funds

11.10 Comparison with Charitable Remainder Trusts

11.11 Charitable Contribution Deduction

Chapter 12 Charitable Gift Annuities

12.1 Contract as Vehicle Form

12.2 Tax Treatment to Donor

12.3 Deferred Payment Gift Annuities

12.4 Estate and Gift Tax Consequences

12.5 Unrelated Business Income Implications

12.6 Unrelated Debt‐Financed Income Implications

12.7 Contrast with Other Planned Gift Methods

12.8 Antitrust Laws

12.9 Securities Laws

12.10 Charitable Contribution Deduction

Chapter 13 Other Types of Deductible Remainder Interests

13.1 Overview of Law

13.2 Qualifying Partial Interests

13.3 Remainder Interests in Personal Residences or Farms

13.4 Undivided Portions of Entire Interests in Property

Chapter 14 Charitable Lead Trusts

14.1 Overview of Law

14.2 Income Interests.

14.3 Tax Treatment of Charitable Lead Trusts

14.4 Testamentary Use of Charitable Lead Trusts

14.5 Percentage Limitation Law

14.6 Private Foundation Law

14.7 Anti‐Abuse Rule Concerning Income Interests

14.8 Charitable Income Trusts

14.9 Comparison with Charitable Remainder Trusts

14.10 Valuing Charitable Contribution Deduction

14.11 Charitable Contribution Deduction

Chapter 15 Contributions of and Using Life Insurance

15.1 Introduction

15.2 Life Insurance Concepts

15.3 Charitable Giving and Insurance

15.4 Insurable Interest

15.5 Unrelated Debt‐Financed Income Law

15.6 Charitable Split‐Dollar Insurance Plans

15.7 Insurance Contract Reporting Requirements

Part 4 International Charitable Giving

Chapter 16 International Giving by Individuals During Lifetime

16.1 Introduction

16.2 Overview of Law

16.3 Earmarking and Conduit Restrictions

16.4 Control over Foreign Donees

16.5 Summary

16.6 Income Tax Treaties

Chapter 17 International Giving by Individuals by Means of Estates

17.1 Overview of Law

17.2 Estate Tax Law

17.3 Gift Tax Law

17.4 Charitable Giving by Noncitizen Nonresidents

Chapter 18 International Giving by Corporations

18.1 Contributions to U.S. Charities for Foreign Use

18.2 Contributions of Money from Foreign Affiliate of U.S. Parent to Foreign Charities

18.3 Contributions of Goods or Services to Benefit Foreign Charities

18.4 Grants of Funds from U.S.‐Related Foundation to Foreign Charities

Part 5 Administration of Charitable Giving Programs

Chapter 19 Substantiation and Appraisal Law

19.1 Introduction

19.2 Substantiation Law for Charitable Monetary Contributions

19.3 Substantiation Law for Charitable Contributions of 250 or More.

19.4 Substantiation Law for Noncash Charitable Contributions.

Notes:

Description based on print version record.

ISBN:

1-119-75602-2

1-119-75604-9

OCLC:

1243549412