Charitable Giving Answer Book 2009Closely Held Businesses in Estate Planning provides exhaustive coverage of the gratuitous transfer tax system, inter vivos gifting strategies, valuations freezes, intra-family sales, buy-sell agreements, the marital deduction, planning strategies for retirement income distributions, and valuation of closely held business interests. This easy-to-use reference provides complete and comprehensive coverage of the strategies and practices for protecting a closely held business while limiting the tax burden on the estate's owner. |
Contents
1 Q 22 Q 23 | 2-2 |
CHAPTER | 2-3 |
APPENDIX | 2-15 |
CHAPTER 1 | 3-1 |
CHAPTER 4 | 3-4 |
50 What is the timing of the estates charitable deduction? 333 | 3-33 |
54 Is it more tax advantageous to donate the property rather than selling the property and donating the proceeds? 334 | 3-34 |
56 Is there a limitation on the amount of the charitable deduction for estate tax purposes? 335 | 3-35 |
Other SplitInterest Gifts | 6-3 |
determined? 513 | 6-5 |
Revenue Procedure 200746 | 6-21 |
APPENDIX | 6-38 |
Other Gifts of Partial Interests Qualified Conservation | 6-49 |
CHAPTER 2 | 8-2 |
CHAPTER 5 | 8-5 |
CHAPTER 8 | 8-11 |
58 Does an estate determine the amount of the charitable deduction before or after the payment of estate taxes? 336 | 3-36 |
60 Is there a limitation on the amount of the charitable deduction for gift tax purposes? 337 | 3-37 |
Contributions of Specific Types of Property | 4-1 |
2 How should a contribution of cash be documented? | 4-2 |
3 What is a charitable pledge? | 4-3 |
5 Is a charitable pledge enforceable? | 4-4 |
6 When is a contribution by check complete? | 4-5 |
CHAPTER 6 | 4-6 |
88 Is a bequest of a U S savings bond to charity | 4-47 |
99 What is the effect of the assignment of retirement accounts | 4-53 |
2 What are the technical requirements for a CRT? | 5-2 |
3 What are the basic kinds of CRTs? | 5-3 |
4 What is a CRAT? | 5-4 |
6 What is a NICRUT? | 5-5 |
7 What is a NIMCRUT? | 5-6 |
10 Who can establish a CRT? | 5-7 |
13 Must the trust be either a CRAT or a CRUT or can it be a combination of the two? | 5-8 |
16 Can the annuity or unitrust payments be made to a trust? | 5-9 |
19 If the spouse of the grantor of a CRT has a right under applicable state law to elect to receive a statutory share of the grantors estate will this right ... | 5-10 |
20 What happens if the required annuity or unitrust payments are not made? 511 | 5-11 |
23 Is there a minimum required distribution? 512 | 5-12 |
25 Is there a maximum distribution? 513 | 5-13 |
Permissible Period of Payment or Term 516 | 5-16 |
Private Foundation Rules 533 | 5-33 |
specific information All references are to question numbers rather than page | 5-37 |
CHAPTER 9 | 9-2 |
APPENDIX | 9-23 |
CHAPTER 10 | 10-1 |
The Charitable Contribution | 10-2 |
Requirements for Claimed Deductions | 10-8 |
Other Situations 1017 | 10-17 |
Advance IRS Rulings on the Value of Gifts 1027 | 10-27 |
Participation in Prohibited Tax Shelter | 10-34 |
APPENDIX | 10-35 |
1 What is the general concept of a CRT? | 5 |
APPENDIX D | 1 |
APPENDIX | 29 |
APPENDIX | 1 |
APPENDIX | 1 |
Income Taxation of the Charitable | 5 |
Revenue Procedure 200557 | 1-3 |
APPENDIX | 1 |
APPENDIX | 1 |
오로 | 1 |
APPENDIX V | 1 |
Revenue Procedure 200745 | 1 |
APPENDIX | 1 |
| 1 | |
| 4 | |
Other editions - View all
Charitable Giving Answer Book Catherine W. Wilkinson,Gordon M. Clay,Carol A. Rhees Snippet view - 2003 |
Charitable Giving Answer Book, 2007 Catherine W. Wilkinson,Gordon M. Clay,Jean M. Baxley,Carol A. Rhees No preview available - 2006 |
Common terms and phrases
50 percent 50-percent entities allocated annuity or unitrust apply bargain sale benefit capital gain property carryover contribution charitable contribution charitable gift annuity charitable organization Comm'r corporation CRUT described in IRC determined disqualified person distributions donee organization donor estate tax Example fair market value foundation's gift tax charitable governing instrument grantor grantor trust income beneficiary income interest income tax charitable inter vivos investment IRC Section 170 ordinary income property paid partial interests percentage limitations pooled income fund private foundation Private Letter Ruling private operating foundation public charity qualified conservation contributions qualified donee quid pro quo real property receive recipient remainder interest remaindermen remaining contribution base Revenue Procedure rules supporting organization tangible personal property tax charitable deduction tax deduction tax-exempt taxable income taxpayer taxpayer's contribution base tion transfer trust assets trust instrument unitrust amount unitrust payments valuation date