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Tax Treatment of Appreciated Property Donation

Date: Friday, February 23, 2018
Time: 1:00 - 2:30 pm EST

Sponsored by Lorman Education Services


Registration - Live Webinar Only: $199.00

Registration - Live Webinar Plus CD Recording: $268.00
 

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

Learning Objectives:

  • You will be able to review the general limits affecting appreciated property.
  • You will be able to define pass-through entities.
  • You will be able to discuss substantiation basics.
  • You will be able to identify applicable penalties

This Live Webinar Covers These Hot Issues:

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

Credit Information (Sponsored by Lorman Education Services):

  • CPE
  • AIPB
  • NASBA

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.

Instructor Profile:

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
  • Practice focuses on real estate, business (including nonprofit) and tax representation, with an emphasis on property taxes, sales taxes and unitary income taxation
  • Previously managed KPMG's state and local tax practice
  • Past property tax columnist for Spidells California Taxletter
  • More than 28 years of experience
  • Chair of The RED Group, a CalCPA Sacramento Real Estate think tank, 1992 to 2012
  • Chair/past chair – CalCPA Real Estate Conference (California conference and Sacramento Chapter Conference) 2002 to 2012
  • President, Rental Housing Association of Sacramento Valley

(Not available outside the US)