President advocates charitable deduction for nonitemizers
โ Scribed by Bruce R. Hopkins
- Publisher
- John Wiley and Sons
- Year
- 2001
- Weight
- 122 KB
- Volume
- 18
- Category
- Article
- ISSN
- 0742-3497
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
mum allowable percentage of 50 percent for calculating the annuity amount or unitrust amount and a minimum 10 percent present value for the charitable remainder interest. The IRS and Treasury did not directly comrnent on this idea. Rather, the agencies simply cited a passage from the Senate Finance
hardship programs does not further charitable purposes. Also, grants made pursuant to these programs constitute self-dealing, since the benefits to disquued persons are not incidental or tenuous. Further. these grants and loans are not quAUfyintr distributions. This determination by the IRS will be