TITLE

No Deduction for House Donated to Fire Department

PUB. DATE
September 2012
SOURCE
Federal Tax Course Letter;Sep2012, Vol. 26 Issue 9, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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 to claim deductions. According to the Tax Court, the grant of the taxpayer of the right to destroy a house does not convey any ownership interest that give rises to a charitable deduction.
ACCESSION #
79697346

 

Related Articles

  • 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...

  • Lessons from the Tax Court: Charitable deduction up in smoke.  // 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.

  • Burn Down Your House for Charity?  // Family Foundation Advisor;May/Jun2012, Vol. 11 Issue 4, p13 

    The article discusses tax court cases related to the issuance of charitable tax deductions for house burning contribution in the U.S. It cites the case Scharf v. Commissioner wherein the court allowed a charitable deduction on grounds that the public benefit from the burn. In the case Rolfs v....

  • TAX. GEIS, JERRY // Bench & Bar of Minnesota;Dec2013, Vol. 70 Issue 11, p42 

    The article discusses recent decisions by tax courts in Minnesota and elsewhere in the United States as of December 2013. Topics mentioned include a change in a home's tax assessment after the court's judgment that it had been overvalued, the rejection of income tax deductions for charitable...

  • 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...

  • '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...

  • Lessons from the Tax Court: Commuter gets red light.  // Small Business Tax Strategies;Aug2013, Vol. 8 Issue 8, p7 

    The article discusses the decision of the U.S. Tax Court to deny a tax deduction to a taxpayer who lived in Philadelphia, Pennsylvania but worked in New York City, holding that the tax law allows the deduction of the traveling cost between two business locations.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

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

Try another library?
Sign out of this library

Other Topics