Sharpe Blog

Archive for December, 2017

Posted December 11th, 2017

Let’s Look at Some Key IRS Rulings, Part 3

Read Part 1 here. Read Part 2 here. So far, we’ve seen that a buyer-in-the-wings isn’t per se risky for the donor. More precisely, we’ve seen that as long as the donor hasn’t had dealings with a third party that allow the third party, on the date of gift, to compel the donee organization to… read more

Posted December 8th, 2017

It Ain’t Over ‘Til It’s Over: Tax Law Update 12/08/17

We are well into December, Christmas and New Year’s are just around the corner, and we still don’t know if a major tax overhaul is going to happen by the end of the calendar year. Last week, it seemed more likely than not that Congress would pass a new tax bill. This week … the… read more

Posted December 4th, 2017

Let’s Look at Some Key IRS Rulings, Part 2

Last time, we looked at Rev. Rul. 78-197, which sets the modern stage for all buyer-in-the-wings discussions. The ruling deals with closely held stock given to charity and focuses on the charity: Is the charity free to sell the stock, or can it be compelled to sell the stock? Subsequent private rulings and court decisions… read more

Posted December 4th, 2017

Tax Law Update 12/04/17

After the Senate Finance Committee voted on party lines last week, the Tax Reform Act moved to the full Senate for consideration. Following debate on Thursday and Friday, the Senate voted early Saturday morning on their version of the tax legislation which is similar, but not identical, to the House version, which was passed earlier… read more

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