Private Foundation (PF) was the beneficiary of a charitable lead trust created by one of its founders. As a result, PF received a large amount of shares in a publicly traded U.S. corporation (X). When first received, the amount of shares was less than 20% of the total number of outstanding shares in X. In later years, X began to repurchase outstanding shares of its stock. As a result, PF was left holding more than 20% of the outstanding shares. In recognition of its increasing excess business holdings, PF's governing board approved a plan to dispose of a sufficient percentage of shares to avoid the excise tax under Sec. >> More

Several years ago Mother and Father built a unique home on 45 acres of beautiful rolling hills and woods. Father passed away three years ago and Mother now solely owns the 45-acre parcel and home.

She enjoys the peaceful country view out her front window. >> More

Note: At publication date the House and Senate are close to agreement on the provisions of the tax extenders bill. It is very likely to be passed and enacted, but has not yet been signed by the President. >> More

GiftLaw Pro is a complete charitable giving and tax information service inside the GiftLaw Web Site. With one click on the GiftLaw Pro Link, you have access to a user-friendly and very comprehensive source for answering any of your planned giving questions. GiftLaw Pro is a gift planning electronic library with over 5,000 links. Select a link and you can view any topic and take a quiz, look at related information and view the actual regulations, private letter rulings or cases. You will find GiftLaw Pro to be your primary source for planned giving information in the future! >> More

The GiftLaw Calculator is a planned gifts calculator for professionals that follows the IRS format. Click here to access and run charitable deduction calculations for the following gift plans. >> More