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the tax law of charitable giving
Discover a fully updated and comprehensive reference on US charitable tax law from a leading authority
As United States charitable tax law becomes ever more complex and byzantine, the need for a one-stop resource on foundational and advanced topics in this practice area has become acute. The comprehensively revised Sixth Edition of The Tax Law of Charitable Giving fills this niche. The book offers readers a fulsome, authoritative, and well-organized description of modern US tax laws on charitable giving
Ranging over the basics of US charitable giving law to the intricate details of contributions of various types of property and international giving, this accomplished nonprofit lawyer, professor, and author delves deeply into a wide variety of subjects concerning deductible (and nondeductible) charitable giving. In addition to fundamental topics such as the definition of gift and percentage limitations on charitable deductions, readers will learn about planned giving, donor-advised funds, the substantiation and appraisal requirements, reporting and disclosure laws, valuation pricinples, tax penalties, and more.
Ideal for lawyers, accountants, and other financial professionals who advise clients on charitable giving and tax matters, The Tax Law of Charitable Giving provides an authoritative reference on all aspects of philanthropy and federal tax law.
Inhaltsverzeichnis
Preface xv
Book Citations xix
Part One Introduction to the Tax Law of Charitable Giving
1 Charitable Giving Law: Basic Concepts 3
1.1 Introduction to Charitable Contribution Deduction 3
1.2 Defining Tax-Exempt Organizations 5
1.3 Charitable Organizations Law Philosophy 8
1.4 Statistical Profile of Charitable Sector 23
1.5 History of Charitable Contribution Deduction 29
1.6 Charitable Contribution Deduction Reform Proposals 32
2 Fundamental Concepts 35
2.1 Definition of Gift 36
2.2 Definition of Donor 83
2.3 Definition of Charitable Organization 84
2.4 Public Charities and Private Foundations 96
2.5 Unrelated Business Law 113
2.6 Factors Affecting Income Tax Deductibility of Charitable Gifts 121
2.7 Charitable Organizations Listing Reliance Rules 122
2.8 Grantor Trust Law 126
3 Contributions of Money and Property 129
3.1 Contributions of Money 129
3.2 Contributions of Property in General 130
3.3 Contributions of Long-Term Capital Gain Property in General 132
3.4 Contributions of Ordinary Income Property 132
3.5 Certain Contributions of Capital Gain Property 136
3.6 Contributions of Property for Unrelated Use 139
3.7 Step Transaction Doctrine 142
3.8 Charitable Pledges 148
Part Two Charitable Giving in General
4 Timing of Charitable Deductions 153
4.1 Overview of Law 154
4.2 Contributions of Money in General 155
4.3 Contributions of Money by Check 155
4.4 Contributions of Money by Credit Card 158
4.5 Contributions of Money by Telephone 159
4.6 Contributions of Securities 159
4.7 Contributions of Copyright Interest 162
4.8 Contributions by Means of Notes 163
4.9 Contributions by Letters of Credit 163
4.10 Contributions of Property Subject to Option 164
4.11 Contributions of Stock Options 165
4.12 Contributions of Credit Card Rebates 167
4.13 Contributions of Tangible Personal Property 167
4.14 Contributions of Real Property 168
4.15 Contributions of Easements 168
4.16 Contributions by C Corporations 169
4.17 Contributions by S Corporations 170
4.18 Contributions by Partnerships 171
4.19 Contributions by Means of the Internet 173
5 Limitations on Annual Deductibility 175
5.1 Overview of Law 176
5.2 Individuals' Contribution Base 179
5.3 Corporations' Taxable Income 179
5.4 Percentage Limitations: An Overview 180
5.5 Sixty Percent Limitation 182
5.6 Fifty Percent Limitation 183
5.7 Thirty Percent Limitation for Gifts of Certain Property 186
5.8 Electable 50 Percent Limitation 189
5.9 General 30 Percent Limitation 193
5.10 Interplay of 50 Percent/Special 30 Percent Limitations 194
5.11 Interplay of 50 Percent/General 30 Percent Limitations 194
5.12 Interplay of Special 30 Percent/General 30 Percent Limitations 195
5.13 Twenty Percent Limitation 195
5.14 Qualified Conservation Contribution Law 196
5.15 Conservation Gifts by Farmers and Ranchers 196
5.16 Gifts for the Use of Charity 198
5.17 Blending Percentage Limitations 199
5.18 Rules for Spouses 200
5.19 Information Requirements 202
5.20 Percentage Limitation for Corporations 202
Über den Autor / die Autorin
BRUCE R. HOPKINS is the principal in the Bruce R. Hopkins Law Firm, LLC, and the Professor from Practice at the Kansas University School of Law. He is the author of over forty books, including
The Law of Tax-Exempt Organizations, Twelfth Edition, The Law of Fundraising, Fifth Edition, and
The Tax Law of Private Foundations, Fifth Edition.
