Sharpe Blog

Sharpe Blog

Posted March 28th, 2018

Let’s Look at Charitable IRA Gifts

The Charitable IRA gift is likely to be the gift of choice going forward for many American 70½ and older. “Going forward” means in the wake of the 2017 tax law changes. One doesn’t need to itemize deductions to save taxes via a Charitable IRA gift (called a “qualified charitable distribution,” or QCD) … given… read more

Posted March 7th, 2018

Answers to the Planning Problem

Here’s the gift planning problem from last time. Don wants his name on Charity’s new clinic building. Charity’s president, Ron, has told Don it will cost him a big chunk of change, $X, in cash or securities or in a combination of both. Don is just about to sign a pledge agreement to this effect… read more

Posted February 19th, 2018

Planning Problem

Now that we know all about pledges (Click to read Part One, Two, Three, Four, Five, Six), a gift planning problem. Don wants his name on Charity’s new clinic building. Charity’s president, Ron, has told Don it will cost him a big chunk of change, $X, in cash or securities or in a combination of… read more

Posted February 9th, 2018

Let’s Look at Some Key IRS Rulings, Part 6

We continue looking at IRS rulings on pledges (read Part 5 here). First up is a 1981 Revenue Ruling, Rev. Rul. 81-110. The facts here are that Party A made a legally enforceable pledge to a charity. Subsequently, Party B paid the pledge. Focusing on the fact that Party B’s payment relieved Party A of… read more

Posted January 4th, 2018

Let’s Look at Some Key IRS Rulings, Part 5

We want now to look at some IRS rulings on pledges (Read Part 4 here). These rulings are important, as will become obvious. First, though, some background on pledges. A pledge is a promise to make a gift or gifts. A promise to do something else, such as to make and keep in force a… read more

Posted December 27th, 2017

Let’s Look at Some Key IRS Rulings, Part 4

Before we leave our discussion of third-party buyers (buyers-in-the-wings), we need to look at one more IRS ruling, a private ruling from 1994 (LTR 9452026). Read Part 1 here. Read Part 2 here. Read Part 3 here. This is a good one. The facts are that an individual proposed transferring both securities and a valuable… read more

Posted December 22nd, 2017

The Finish Line: Tax Law Update 12/22/17

Contrary to some news reports this week predicting a delay in the signing of the Tax Cuts and Jobs Act of 2017, President Trump officially signed the bill into law today. See “Trump Signs Tax Bill Into Law” from The Hill. Now what? Sharpe Group’s new white paper details how the new tax law will… read more

Posted December 21st, 2017

Are We There Yet? Tax Law Update 12/21/17

The hotly debated tax law has now been passed by Congress. It will be sent to the President’s desk to be signed. There is currently some discussion on when exactly President Trump will sign the bill. It has been expected that he would sign it before Christmas. However, some reports now say he may wait… read more

Posted December 19th, 2017

The Bottom of the Ninth: Tax Law Update 12/19/17

President Trump has promised Americans tax reform for Christmas. And, so far, it seems it’ll be a gift he can deliver. As of this posting, GOP leaders believe they have the votes in the Senate and House to pass the tax bill, which underwent a number of significant changes. Click here to download our new… read more

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

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