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OnDemand Course

Tax Treatment of Appreciated Property Donation

Gain a better understanding of how to handle the taxation of appreciated property gifted to a nonprofit.

The donation of appreciated property can significantly benefit donors and charities, but involves an entanglement of tax rules on donations. With the 2017 Tax Cut and Jobs Act limiting other deductions, charitable deductions gain greater importance as a tax reduction tool. This topic will cover charitable tax reduction planning strategies and working with the deduction limitations. Special concerns covered will include charitable remainder trusts, bargain sales, and the 170(m) exception to self-created intellectual property

Runtime: 89 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview

  • General Incentives for Donating Appreciated Property
  • Use of Charitable Remainder Trusts

General Limits Affecting Appreciated Property

  • 50% (60%) Charities
  • 30% Charities
  • Capital Gain Properties General Limit
    • 30% Limit
    • 20% Limit
  • Impact of 2017 Tax Cut and Jobs Act
    • Change in Limit
    • Change in Standard Deduction
  • Additional Appreciated Property Limits
    • Ordinary Income Reduction
    • Special Capital Gain Limits
    • Partial Limit Inventory/Depreciable Property
  • Section 1256 - Mark to Market Rule
    • Zero Coupon Bonds
    • Options/Commodities Futures
  • Corporate Limitation
  • 5-Year Carry-Over Rule

Pass-Through Entities - Appreciated Property

  • S Corporations
    • Basis Adjustment (1367(a)(2))
    • Timing of Deduction
  • Partnerships (Rev. Rul. 96-11)

Substantiation Basics

  • Estate/Gift Tax Returns
  • Income Tax Returns
    • Dollar Thresholds

Qualified Appraisal Requirements

  • Overview
  • Notice 2006-96
  • Appraiser's Perspective
  • Substantial Compliance Requirement
    • Elements of Substantial Compliance
    • Mohamed v. Commissioner

Examples and Issues

  • Stock
  • Real Estate
    • Bargain Sale Rule
    • Fractional Interests
  • Artwork, Jewelry and Collections
  • Intellectual Property
    • Copyrights
    • Patents

Applicable Penalties

Penalty Avoidance/Defenses

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on February 23, 2018.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Cameron L. Hess, Esq., CPA, MBT

Cameron L. Hess, Esq., CPA, MBT

Wagner Kirkman Blaine Klomparens & Youmans LLP

  • Partner with the Northern California law firm of Wagner Kirkman Blaine Klomparens & Youmans LLP
  • Business, real estate, estate planning and federal and state tax attorney (emphasis: real estate, IT, closely held businesses)
  • Chair Corporate and Pass through Entities Committee of the California Lawyers Association Tax Section; past member Business Law Section’s Committee of the same name
  • Adjunct professor at McGeorge School of Law (Partnership Taxation)
  • More than 35 years of experience
  • Chair, The RED Group, a CalCPA Sacramento Real Estate think tank, 26-years
  • Committee member/past chair CalCPA Ed Foundation Tax Conference (and prior Real Estate Conference), 17-years
  • California Apartment Association – Sacramento Valley (government relations/past president)
  • National speaker on tax law
  • Prior: KPMG Lost Angeles Office State and Local Tax Practice (manager)
  • Spidells California Taxletter, past columnist, continuing contributing writer
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

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  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 399805
Published 2018
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