Lessons from the Tax Court: Charitable deduction up in smoke

June 2012
Small Business Tax Strategies;Jun2012, Vol. 7 Issue 6, p4
The article discusses a district court case of taxpayers who donated a house to the local fire department for training purposes, which the U.S. Tax Court has denied to grant charitable deduciton.


Related Articles

  • No Deduction for House Donated to Fire Department.  // Federal Tax Course Letter;Sep2012, Vol. 26 Issue 9, p6 

    The article looks at the eligibility of a taxpayer to claim a charitable contribution deduction for a house donated to fire department in the U.S. It is inferred that a house donated to be burned to the ground in conjunction with a fire department's training exercises does not entitle a taxpayer...

  • Listen to tax preparer's advice to follow IRS 'letter of the law'. Hoff, Gary // Delta Farm Press;10/5/2012, Vol. 69 Issue 39, p10 

    The article discusses the impact on farmers of the efforts of the U.S. Internal Revenue Service (IRS) to close the tax gap, or the amount of owed versus paid taxes. The 2012 Tax Court case of Durden v. Commissioner is described, which involved improper filing of charitable tax deductions. Tax...

  • Conservation Easement Denied,Not Perpetually Protected.  // Federal Tax Course Letter;Aug2012, Vol. 26 Issue 8, p12 

    The article discusses the rules for the conservation easement to qualify for a charitable deduction citing the R. L. Mitchell case wherein the U.S. Tax Court held that the grant of a conservation easement was denied because it was not enforceable in perpetuity. It provides an overview of the...

  • 'TIS THE TAX SEASON. Hammar, Richard R. // Your Church;Nov/Dec2009, Vol. 55 Issue 6, p32 

    The article discusses the changes that church members in the U.S. need to know before moving into tax preparation. It notes that the Form 4361 filing deadline is mandatory and is to be complied with strictly by church ministers as emphasized by the Tax Court. It states that the donor's...

  • How Not to Lose a Charitable Deduction. Peebles, Laura H. // Trusts & Estates;Oct2014, Vol. 153 Issue 10, p24 

    The article presents practical advice on how to avoid losing a charitable income tax deduction in America, focusing on tax audits by the U.S. Internal Revenue Service (IRS), as well as information about the IRS' rules regarding cash and non-cash contributions. Other topics include qualified...

  • Tax Law Update. Handler, David A.; Lothes, Alison E. // Trusts & Estates;Oct2014, Vol. 153 Issue 10, p9 

    The article presents U.S. tax law news briefs on topics including rulings by America's Tax Court, the nation's Internal Revenue Service (IRS), and valuations of business and goodwill for American estate tax purposes. According to the article, the U.S. Tax Court refused the IRS' motions for...

  • BEWARE WHEN DONATING CARS TO CHARITY. Moore, Curtis // Oklahoma Woman;Dec2011/Jan2012, p4 

    The article offers helpful information when donating cars to charity in the U.S., highlighting exceptions which allow donors to use the fair-market value (FMV) when claiming their income tax deduction.

  • A vital incentive.  // New Jersey Jewish News;5/23/2013, Vol. 67 Issue 21, p16 

    The author reflects on the dilemma being faced by the U.S. Congress on whether to retain, modify or eliminate the concept of charitable tax deduction in the country and further examines the consequences of any change in the deduction policy.

  • Spring cleaning? Dust off charitable gifts.  // Small Business Tax Strategies;Mar2014, Vol. 9 Issue 3, p5 

    The article reports that individuals who donate their used clothing, furniture, and toys to a charity are entitled to an income tax deduction based on the fair market value (FMV) of the property in the U.S.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics