Business Charitable Deductions; Business Entity or Trust; Basis Step-Up & Powers of Appointment скачать в хорошем качестве

Business Charitable Deductions; Business Entity or Trust; Basis Step-Up & Powers of Appointment

This course is drawn from Steve Gorin’s 3rd quarter 2025 newsletter. “Charitable Deductions for Businesses” focuses on how businesses can try to get full charitable deductions after the cutbacks from H.R. 1, enacted July 4. A business can structure the donation as a business expense and might create an affiliated organization to receive the contribution. Steve will also explore charitable deductions by trusts that own pass-through entities. “Business Entity or Trust?” discusses that a trust can sometimes be taxed as a business entity, including a 2023 case. Other topics include that a trust can be a “holding company” under banking law and the effect of opting out of annual partnership income tax reporting. “Basis Step-Up & Powers of Appointment” focuses on free basis step-up in the light of “permanent” increased gift/estate exemptions. Steve will discuss marital estate trusts, a teaser on community property trusts, deathbed transfers, and the current controversy regarding contingent general powers of appointment when the grantor is living. Presenter: Steve Gorin Disclaimer: The information provided herein is intended for general purposes only and is not intended to be legal advice. The ethical rules of some states require us to identify this as attorney advertising material. The choice of a lawyer is an important decision and should not be based solely upon advertisements. Past results obtained on behalf of current firm clients afford no guarantee of future results. Every case is different and must be judged on its own merits.