CPE Credit: 4 hours

This 4-hour webcast will provide tax practitioners with guidance for charitable contribution deduction rules, regulations, and important documentation.

Topics Covered:

●Overview

●Organizations qualifying to receive deductible contributions

●Deductible contributions

●Nondeductible contributions

●Contributions from which a benefit is received

●Out-of-pocket expenses in giving services

●Value of time or services

●Personal expenses

●Appraisal fees

●Contributions of property

●Determining fair market value (FMV)

●When to deduct

●Limit on deductions

●Types of qualified organizations

●Substantiation requirements

●Noncash contributions

●How to report

Learning Objectives:

●Provide a strong discussion of the whys and wherefores of charitable giving and the related tax laws

●Suggest major considerations in contribution tax planning

●Provide related tax information affecting acceptable contribution substantiation

Prerequisites:

●Good general knowledge of tax deductions