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Conrad Teitell

Conrad Teitell

December 22, 2022 | New York Law Journal

Deductions for Unreimbursed Volunteer Expenses

Many 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 Boot

In 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 Liver

What'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 Million

In 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 Ukraine

With 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 Clients

Now 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 Philanthropy

In 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 Report

In 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 Splitsville

Upon 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