Conrad Teitell

August 19, 2016 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell writes: A panel of museum directors, curators, art scholars and dealers helps the IRS value artwork gifts. At stake are income tax deductions for charitable donors, and gift and estate taxes for gifts to family members and other non-charities.

By Conrad Teitell

15 minute read

June 27, 2016 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell writes: Inter vivos charitable remainder unitrusts and annuity trusts enable your clients to make significant gifts that go to charities at death while retaining income for life. When properly structured, income tax charitable deductions are allowed, and capital gains taxes on the sale of appreciated assets by the trusts are avoided, reduced or postponed. But the IRS doesn't forgive foot faults. Make a small mistake, and income, gift and estate tax charitable deductions are disallowed, and capital gains are taxable.

By Conrad Teitell

11 minute read

April 25, 2016 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell discusses a "clarification" in the PATH Act of 2015 that can be dangerous to your client's wealth.

By Conrad Teitell

10 minute read

February 22, 2016 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell writes that clients who volunteer for charities contribute the most precious asset of all, their time. They aren't motivated by tax breaks. But individuals who itemize their deductions are entitled to deduct unreimbursed expenses incurred in helping charities.

By Conrad Teitell

4 minute read

December 28, 2015 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell discusses a recent decision that held a trust's gift of appreciated realty to be deductible at fair market value, not the lower adjusted basis.

By Conrad Teitell

4 minute read

December 24, 2015 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell discusses a recent decision that held a trust's gift of appreciated realty to be deductible at fair market value, not the lower adjusted basis.

By Conrad Teitell

4 minute read

October 26, 2015 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell writes: Will Congress extend the expired charitable/IRA law retroactively for 2015? If so, when? What should clients do? A primer on how to do it right to assure benefits is below.

By Conrad Teitell

10 minute read

October 23, 2015 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell writes: Will Congress extend the expired charitable/IRA law retroactively for 2015? If so, when? What should clients do? A primer on how to do it right to assure benefits is below.

By Conrad Teitell

10 minute read

August 24, 2015 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell writes: The tax law permeates virtually all areas of human activity. The recent horrific killing of Cecil the lion calls that adage to mind. I have no idea whether Walter Palmer will have the lion's head mounted, and if he does whether he will keep or contribute it. But enough taxpayers had contributed animal trophies to charity and claimed inflated deductions to motivate Congress to tighten the deductibility rules in 2006.

By Conrad Teitell

4 minute read

August 21, 2015 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell writes: The tax law permeates virtually all areas of human activity. The recent horrific killing of Cecil the lion calls that adage to mind. I have no idea whether Walter Palmer will have the lion's head mounted, and if he does whether he will keep or contribute it. But enough taxpayers had contributed animal trophies to charity and claimed inflated deductions to motivate Congress to tighten the deductibility rules in 2006.

By Conrad Teitell

4 minute read