Publisher's Synopsis
The 2006 Supplement contains information on the following new developments:
- The two major enactments– concerning charitable gifts of intellectual property and motor vehicles– have since been augmented by guidance from the IRS.
- The IRS has addressed the following issues: timing of the charitable deduction in connection with gifts of stock options, gifts where the donor retains the ability to manage the gift property, final regulations concerning the charitable remainder trust characterization and ordering rules, and a controversial proposal concerning the impact of spousal elective share laws on the qualification of charitable remainder trusts.
- Enactment of the Katrina Emergency Tax Relief Act of 2005 is summarized in Appendix K.
