Conrad Teitell

August 27, 2012 | New York Law Journal

In his Estate Planning and Philanthropy, Conrad Teitell, a principal at Cummings & Lockwood, analyzes a "Small Tax" court case where the dollar amounts discussed are indeed small, but numerous volunteers can learn valuable lessons - and earn deductions - from its lessons.

By Conrad Teitell

8 minute read

October 24, 2011 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell, a principal at Cummings & Lockwood, writes that a recent tax court case (Van Dusen, 136 T.C. No. 25 2011), involving only $4,838 in income taxes is a virtual primer on the deductibility of unreimbursed volunteers expenses.

By Conrad Teitell

6 minute read

October 24, 2012 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell, a principal at Cummings & Lockwood, writes that strict, detailed and overlapping substantiation requirements must be met for charitable deductions to be allowed, and generally there is no second chance if deadlines are missed or requirements aren't satisfied.

By Conrad Teitell

16 minute read

August 26, 2013 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell, a principal at Cummings & Lockwood, discusses how to argue that the IRS's low-valuation position on termination of existing NIMCRUT is wrong, and also explains how to draft a new NIMCRUT as a FLIPCRUT to avoid having the low-valuation issue raised by the IRS on an early termination.

By Conrad Teitell

10 minute read

December 28, 2012 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell, a principal at Cummings & Lockwood, discusses the controlling factors for determining the date of delivery of securites, checks, tangible personal property, real estate and pledges or options to a charity, which controls the tax year in which the gift is deductible and the value of the gift for stocks or other such assets.

By Conrad Teitell

10 minute read

April 22, 2013 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell, a principal at Cummings & Lockwood, writes that every schoolchild knows that capital gains tax is generally avoided on charitable gifts of appreciated property; but the kid also knows that under the anticipatory-assignment-of-income doctrine, the substance-over-form doctrine, and the IRS-was-not-born-yesterday doctrine, a donor can be taxable on the capital gain on a subsequent sale by the donee-charity (and not out of the proceeds, but out of his pocket).

By Conrad Teitell

9 minute read

August 22, 2011 | New York Law Journal

In his Estate Planning and Philanthropy column, Cummings & Lockwood principal Conrad Teitell discusses a scenario for a donor who plans to a create a charitable remainder annuity trust with appreciated real property and how one could convince the IRS to rule that certain provisions will not disqualify the CRAT.

By Conrad Teitell

7 minute read

April 24, 2012 | New York Law Journal

In his Estate Planning and Philanthropy column, Conrad Teitell, a principal at Cummings & Lockwood, writes that if the federal tax consequences of a planned transaction aren't clear, prudence says get a favorable private letter ruling before proceeding. But each year, the IRS announces topics on which it won't rule. Does that mean that if you proceed without a ruling, that the hoped-for tax benefits will be denied? Not necessarily. But you have been warned that the IRS has some concerns.

By Conrad Teitell

9 minute read

December 14, 2011 | New Jersey Law Journal

Cash outlays incident to charitable work (such as caring for foster cats) can be itemized as a tax deduction

By Conrad Teitell

6 minute read

May 13, 2002 | New Jersey Law Journal

This is the summary.

By Conrad Teitell

2 minute read