0 results for 'Cummings Lockwood'
Congratulations Are in Order: Announcing 2019's Professional Excellence Winners
The three finalists for Attorney of the Year are professor Jon Bauer of the University of Connecticut School of Law, Dana R. Burcin of Murtha Cullina, and Moy N. Ogilvie of McCarter & English.Feds Challenge NY SALT Limit Workaround
In his Estate Planning and Philanthropy column, Conrad Teitell writes: Be careful out there. Commentators believe the lawsuit to invalidate the SALT limitation will be unsuccessful. The IRS will deny claimed charitable deductions for what are, in effect, required tax payments—and impose interest and penalties.Charitable Deductions for Clients Who Are Volunteers
In his Estate Planning and Philanthropy column, Conrad Teitell writes: Volunteers who contribute their time to charities certainly aren't motivated by tax breaks. Many probably don't even know they're entitled to deduct the unreimbursed expenses they incur in helping charitable organizations.Meet Timothy Birch: The Attorney Leading AG-Elect William Tong's Transition Into Office
Timothy Birch has signed on to lead the transition efforts of Attorney General-elect William Tong. Birch brings years of experience as both an attorney and a business entrepreneur.Converting State Taxes to Charitable Deductions
In his Estate Planning and Philanthropy column, Conrad Teitell writes: Proposed regulations thwart state plans to work around the new $10,000 federal limit on state and local tax deductions.Bargain Sales to Charities: Charitable Deductions and Capital Gains Savings
The donor allocates the property's cost basis between the gift element and the sale element, based on the fair market value of each part.CBF's 2018 James W. Cooper Fellows Named
The Connecticut Bar Foundation named 68 new fellows to its James W. Cooper Fellows Program, celebrating their installation in May with a reception at…SALT-Free Alchemy? Converting State Taxes to Charitable Deductions
In his Estate Planning and Philanthropy column, Conrad Teitell writes: “The Tax Cuts and Jobs Act,” Pub. L. No. 115-97, limits an individual's deduction under IRC Section 164 for the total amount of state and local taxes (SALT) paid during the calendar year to $10,000 ($5,000 for a married individual filing a separate return)Charitable Deduction and Other Indexed Tax Adjustments for 2018
In his Estate Planning and Philanthropy column, Conrad Teitell writes: Not exciting—but important to know: Each year IRS adjusts charitable gift premium rules, tax tables, personal exemptions, standard deductions and other tax provisions. Here are the key charitable figures for 2018 from Rev. Proc. 2017-58, 2017-45 IRB 489 (Nov. 6, 2017) and Rev. Proc. 2018-18, 2018-10 IRB 392 (March 5, 2018).Cool Charitable Giving Moves in the New Tax Climate
In his Estate Planning and Philanthropy column, Conrad Teitell writes: Now that many more clients will be taking the standard deduction, making direct transfers from IRAs to charities is a smart tax strategy for additional donors. And, direct IRA transfers from IRAs can also be advantageous for taxpayers who itemize.Trending Stories
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