Charitable remainder trust: A powerful financial planning tool
- Charitable Giving and Tax Tips. Jones, Dan // PN;Nov2006, Vol. 60 Issue 11, p19
The article discusses several tips about income-tax deductions for charitable contributions. In order for the contributions to be tax deductible, it must be made to U.S. organizations and must conform two limitations which are the charity type and the item donated. Morever, the author suggests...
- Give to the IRS until it hurts: The charitable remainder trust. Kreider, Sharon // Outlook;Summer92, Vol. 60 Issue 2, p46
Discusses information about charitable remainder trust (CRT) and its value as income-tax deduction option. Pros of the investment; Cons of the investment; Examples.
- Not-so-sweet charity. McCormick, Brian // Crain's Chicago Business;12/18/2000, Vol. 23 Issue 52, p3
Reports on the effect of the slowdown in giving by donors to local charities in Illinois on these institutions' services to the needy. Factors for the slowdown in giving; Exacerbation of the trend in dipping charitable contributions in favor of political campaign contributions; Role of gifts of...
- Leveraging The Charitable Stock Bailout. Berg, R. Clifford // National Underwriter / Life & Health Financial Services;12/11/2006, Vol. 110 Issue 47, p31
The article focuses on the charitable stock bailout as an attractive strategy for business owners who want to leverage their companies' closely held stock for achieving charitable planning objectives. It presents two case scenarios on how to secure stock charitable gifting that avoids using...
- Charitable Contributions By Individuals. Greenfield, Richard; Morris, Edwin B.; Inemer, Ira H.; Barth, Richard M. // CPA Journal;May99, Vol. 69 Issue 5, p68
Provides information on charitable contributions. List of qualified charitable organizations in the United States where individuals can deduct charitable contributions; Types of contributions; Individual limitations.
- ESTATES AND TRUSTS. Fooden, Bart L.; Lipoff, Lawrence M.; Kahn, Alan D.; Landau, Jerome; Simon, Debra M.; Sonet, Richard H.; Brizard, Peter; Gordon, Ellen G. // CPA Journal;Aug2000, Vol. 70 Issue 8, p59
Presents information on the application of grantor or nongrantor charitable lead trusts by corporations in the United States. Income tax deductions for nongrantor charitable lead trusts; Methods of transferring money without incurring gift tax liability such as educational and medical payments.
- Holiday cheers. Scarborough, Melanie // Community Banker;Dec2007, Vol. 16 Issue 12, p72
The article presents information on the charitable causes and contributions made by banks during the holidays in the U.S. Appalachian Community Bank in Ellijay, Georgia, hosted its third annual Santa's Workshop in 2007 on the day after Thanksgiving. Wauwatosa Savings Bank in Milwaukee is...
- House of the rising sums. Korn, Donald Jay // Financial Planning;Apr98, Vol. 28 Issue 4, p119
Discusses how clients who donate their dwellings to nonprofit organizations may receive income for life and a charitable deduction in the United States. Valuation of a future gift to charity; Taxation of charitable gift annuity income; Tax professionals' need to be familiar with the retained...
- Cup Trust affair damage charity. Cook, Stephen // Third Sector;2/12/2013, Issue 740, p14
The author highlights the scheme of the charity Cup Trust, which raised money for donations and claimed Gift Aid to save tax, helped out people by giving them government bonds at nominal rates. The author also highlights improper accounting of the Trust and the way it has damaged the image of...