December 22, 2022 | New York Law Journal
Deductions for Unreimbursed Volunteer ExpensesMany probably don't even know as itemizers they're entitled to deduct their unreimbursed expenses incurred in helping charitable organizations.
By Conrad Teitell
7 minute read
October 21, 2022 | New York Law Journal
Donors' Loss of Charitable Tax Deduction … and They Incurred Income Tax To BootIn his Estate Planning and Philanthropy column, Conrad Teitell discusses the recent case of Patricia and Kevin Keefer, whose charitable contribution was disallowed by the IRS. The case is a good example of how careful you need to be with charitable contributions.
By Conrad Teitell
6 minute read
August 19, 2022 | New York Law Journal
$19 Million for Lunch With Warren Buffett; Not Chopped LiverWhat's the difference between a Buffett lunch for eight and a buffet lunch? That extra t in Buffett is going to cost you. But, how much after tax benefits?
By Conrad Teitell
6 minute read
June 24, 2022 | New York Law Journal
Time Share Charitable Contribution Scheme: Promoter Penalized $8.4 MillionIn his Estate Planning and Philanthropy column, Conrad Teitell offers a summary of 'Tarpey v. United States,' where a Montana-based attorney was held liable for engaging in a scheme of donating timeshare interests for large tax deductions.
By Conrad Teitell
5 minute read
April 22, 2022 | New York Law Journal
Supporting the People of UkraineWith so many cash donations being made to help the people of Ukraine, Conrad Teitell offers a timely and helpful discussion of income tax rules for charitable gifts for use overseas. He explains how tax savings reduce the cost of giving and in many cases enable donors to give more.
By Conrad Teitell
9 minute read
February 25, 2022 | New York Law Journal
Making Charitable Gifts by Saying 'No'Sometimes objectives can be better achieved by disclaiming instead of accepting a bequest.
By Conrad Teitell
3 minute read
December 23, 2021 | New York Law Journal
Substantiating Charitable Gifts: Specimen Letter to ClientsNow is a good time to tell your clients how to substantiate their charitable gifts on their 2021 federal income tax returns—due by April 15, 2022.
By Conrad Teitell
19 minute read
October 22, 2021 | New York Law Journal
Direct IRA Transfers to Charities: Taxwise PhilanthropyIn this edition of his Estate Planning and Philanthropy column, Conrad Teitell writes that now is the time for lawyers to tell their clients about direct IRA transfers from IRAs by individuals 70½ or older.
By Conrad Teitell
7 minute read
August 20, 2021 | New York Law Journal
IRS Art Advisory Panel's Latest Valuation ReportIn this edition of his Estate Planning and Philanthropy column, Conrad Teitell discusses the IRS's Art Advisory Panel's report, which is important when helping clients determine fair market value of artworks they contribute to charities or give or bequeath to family members.
By Conrad Teitell
8 minute read
June 25, 2021 | New York Law Journal
Their Marriage Is SplitsvilleUpon divorcing, philanthropists say they'll both continue to decide together when making a Grant. However, if the divorced couple's philanthropic interests diverge, there's another path: Split their foundation into two separate foundations—one for each of them.
By Conrad Teitell
5 minute read
Trending Stories