Wondering about the IRA Charitable Rollover? Any chance for its return? On August 3, the Senate Finance Committee passed the typical Tax Extender Bill – which happens to include the IRA Rollover along with a few other charitable provisions! Great news for fundraisers. See the Independent Sector’s summary of the charitable points in the bill...
If you live in or near Northern New Jersey, check out this link for a training event that I am speaking at and my firm is co-sponsoring with Montclair State University: CLICK HERE! Actually, the price can’t be beat ($10 to cover parking and refreshments) as well as the central location on the campus of...
As mentioned in my previous post (and other ones on lead trusts – see http://theplannedgivingblog.wordpress.com/category/charitable-lead-trusts/) lead trusts are an amazing opportunity for both donors and nonprofits – albeit one that hasn’t really caught on in the planning world. Let me share something with you from my estate planning background dealing with a few high net...
The IRS discount rate for August for valuing charitable gifts (referred to as the AFR or midterm rate) was just announced at 1%. (This very low rate is actually negative for life income gifts like gift annuities or charitable remainder trusts because it reduces the income tax deduction but for lead trusts, it increases the...
Slowly, people and the media are picking up on the impending estate tax situation (see these posts http://theplannedgivingblog.wordpress.com/tag/2013-taxes/ for the details). The latest IRS estimates on numbers of taxable estates is as follows: 2012 – 3,300 estimated estates paying any estate tax 2013 – 52,500 estimated estates paying any estate tax That is a jump by...