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May 1, 2006 12:00 PM
Know the Differences
Many tax and estate-planning professionals are aware of the basic tax rules governing deductions for charitable contributions. They know the general distinctions between the limits on income tax deductions for contributions to private foundations, and for contributions to public charities. But the devil is in the detail: Many of these rules are intricate and complicated. Also, advisors sometimes fail to adequately notice the differences between (1) the income tax charitable contribution deductions for individuals and for trusts and estates, and (2) the income tax charitable contribution deductions and the gift and estate tax charitable contribution deductions.
Understanding the fine print for all these deductions is essential for creating strategies for increasing tax savings.
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Topics of Interest
| Estate Tax | Donor Advised Funds |
| GSTs | Family Offices |
| Private Foundations | Life Insurance |
| 2010 Tax Act News | Industry Trends Surveys |
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Topics of Interest
| Estate Tax | Donor Advised Funds |
| GSTs | Family Offices |
| Private Foundations | Life Insurance |
| 2010 Tax Act News | Industry Trends Surveys |
E-Newsletter Signup
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