The versatile use of charitable remainder unitrusts
Article Abstract:
There are three basic kinds of charitable remainder unitrusts (CRUT), each offering unique tax advantages. Those seeking to maximize the charitable income tax deduction and realize estate tax savings could consider a standard CRUT. Net Income Make-up CRUTs (NIM-CRUTs) are structured to pay out s limited portion of trust income to charities, then revert some assets back to the donor, making them good retirement planning tools. Near-Zero CRUTs allow transfers of assets to noncharitable causes with lower gift tax rates than might otherwise apply.
Publication Name: Taxes: The Tax Magazine
Subject: Business
ISSN: 0040-0181
Year: 1996
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The use of tax-exempt bonds in charitable gift planning
Article Abstract:
Tax-exempt bonds are an attractive vehicle for charitable gift planning because of the benefits to the donor and the trust. They can be used in remainder and lead trusts as well as other gift planning options. However, an estate planning practitioner must be aware of the state and federal tax laws and rulings that may prevent the usage of the tax-exempt bonds or control their use in certain situations. For example, a case in Pennsylvania ruled that tax-exempt bonds are not proper trust investments.
Publication Name: Taxes: The Tax Magazine
Subject: Business
ISSN: 0040-0181
Year: 1993
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Almost two decades later, Buffalo Tool admonishments still largely ignored
Article Abstract:
Tax Court Judge Tannenwald's ruling in Buffalo Tool v. Commissioner calling for final offer arbitration to be used in valuation disputes has not been adopted by his colleagues. Analysis of valuation cases before the Tax Court since Buffalo Tool was decided in 1980 reveals that the behavior of litigants and judges has not changed. Final offer arbitration was intended to curb horsetrading by removing litigants' incentives to take extreme valuation positions.
Publication Name: Taxes: The Tax Magazine
Subject: Business
ISSN: 0040-0181
Year: 1997
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- Abstracts: Creative compliance in financial reporting. Changes in accounting policies and investment analysts' fixation on accounting figures
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