Tag Archives: Charity

When Can an Estate or Trust Distribute IRD to a Charity and Receive an Income Tax Charitable Deduction?—The Answer is not Simple

Ladson Boyle and Jonathan G. Blattmachr, IRD and Charities: The Separate Share Regulations and the Economic Effect Requirement, 52 Real Prop. Tr. & Est. L.J. 369 (2018). Michael Yu Can an estate or trust with charitable and non-charitable beneficiaries (1) … Continue reading

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Three Top Tax Concerns Still Facing Charity Sector

In this article, Robert Lee discusses the major tax concerns charities are facing. The first concern is unrelated business taxable income. Charities are concerned about how the IRS will implement new tax code section 512(a)(6), which requires charities to report… … Continue reading

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New York attorney general sues to dissolve Trump Foundation and bar Trump from serving on other New York charity boards [text]

The New York Attorney General filed a lawsuit against President Trump, the Donald J. Trump Foundation and members of the Trump family. The petition filed today alleges a pattern of persistent illegal conduct, occurring over more than a decade, that … Continue reading

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Lawyer Offers to Give $25K to Charity if He Gets 25K Twitter Followers

Events on Twitter are really getting pathetic.  First we had a movie actor who won a competition with an entire TV broadcasting network to get the most followers.  Celebrity won over news, which shows the decline of the intelligence of … Continue reading

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Legal Secretary Secretly Amasses Fortune, Donates Most of It to Charity

Screen capture of New York Times article published May 6, 2018 Check out this heart-warming story from the New York Times. The article describes how Sylvia Bloom, who worked as a legal secretary at Cleary Gottlieb Steen & Hamilton for … Continue reading

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