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TAX1716 - Noncash Charitable Contributions: Protecting the Deduction

‐ Jun 13, 2017 4:45pm

Standard: $ 49.00

Over the last decade, the IRS has increased its efforts in challenging the deduction for noncash contributions to charity. More troubling the Service has won many of these cases over a technicality in the donor acknowledgment letter or the appraisal. This session will review the recent court cases and IRS guidance and provide tools and tips for reviewing donor acknowledgment letters and qualified appraisals to verify the documentation is sufficient to protect the charitable deduction. In addition, the presenter will provide case studies on complex gifts including contributions of a partnership interest and conservation easements.

Learning objectives:

  • To understand the contemporaneous written acknowledgment rules for all types of charitable contributions
  • To understand the qualified appraisal and qualified appraiser criteria in order determine if the appraisal will stand up to IRS scrutiny, including tools and checklists to assist practitioners
  • Review of complex noncash charitable gifts and traps for the unwary.




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