Tuesday May 7, 2024

Chapter 9 -- Tax References

CHARITABLE ORGANIZATIONS

Qualifying as an Exempt Organization

Reg. 1.170A-9 Definition of a Sec. 170(b)(1)(a) Charitable Organization

Reg. 1.337(d)-4 Changing from a Taxable Entity to a Tax-Exempt Organization

Reg. 1.501(c)(3)-1 Organizations for Religious, Charitable, Scientific, Testing For Public Safety, Literary, or Educational Purposes, or For The Prevention of Cruelty To Children or Animals

Reg. 1.508-1 New Organizations Must Notify the Commissioner that they are Applying for Recognition of Sec. 501(C)(3) Status

Unrelated Business Income Tax

Reg. 1.512(a)-1 Definition of Unrelated Business Taxable Income

Reg. 1.513-1 Definition of Unrelated Trade or Business

Reg. 1.514(b)-1 Definition Of Debt-Financed Property

CHARITABLE REMAINDER TRUSTS

Reg. 1.664-1 Charitable Remainder Trusts

Reg. 1.667(a)-1A Denial of Refund to Trusts

Reg. 25.2511-2 Cessation of Donor's Dominion and Control (Right of Revocation)

Deductions

Reg. 1.170A-6 Contributions to Charitable Remainder Trusts

Reg. 1.661(a)-2 Trust Income Tax Deduction for Distributions from Trusts to Beneficiaries

Annuity Trusts

Reg. 1.72-4 Exclusion Ratio

Reg. 1.664-2 Charitable Remainder Annuity Trusts

Unitrusts

Reg. 1.664-3 Charitable Remainder Unitrusts

DISCLAIMING GIFTS AND BEQUESTS

Disclaimers by Beneficiaries

25.2518-2 Requirements for a Qualified Disclaimer

ESTATE PLANNING

Income In Respect of a Decedent

Reg. 1.691(a)-1 Income in Respect of a Decedent

Reg. 1.691(a)-4 Transfer of Right to Income in Respect of a Decedent.

Insurance Proceeds

Reg. 20.2042-1 Proceeds of Life Insurance

Qualified Personal Residence Trusts (QPRTs)

Reg. 25.2702-5 Personal Residence Trusts

Qualified Terminable Interest Property (QTIP)

Reg. 20.2056(b)-7 Election with Respect to Life Estate for Surving Spouse

Reg. 26.2652-2 Special Election for Qualified Terminable Interest Property (Reverse QTIP Election)

GIFT ANNUITIES and BARGAIN SALES

Bargain Sales

Reg. 1.1011-2 Bargain Sale to a Charitable Organization

IRAs AND OTHER RETIREMENT PLANS

Reg. 1.401(a)(9)-3 Death of a Taxpayer Before his/her Required IRA Beginning Date

Reg. 1.401(a)(9)-5 Required Minimum Distributions from Retirement Plans

Reg. 1.401(a)(9)-8 Special Rules for Retirement Plans

Reg. 1.401(a)(9)-9 Life Expectancy Tables

Reg. 1.401(k)-1 Retirement Plans Containing Cash

Reg. 1.408-8 Distributions from Retirement Plans

OUTRIGHT GIFTS

Bonds

Reg. 1.454-1 Non-Interest-Bearing Obligations Issued at a Discount

Conservation Easement Gifts

Reg. 1.170A-14 Qualified Conservation Easements

Deductions

Reg. 1.170A-1 Allowance of Deductions for Charitable Gifts

Reg. 1.170A-4 Reduction of the Amount of Charitable Deduction for Appreciated Property

Reg. 1.170A-8 Limits on Charitable Deductions by Individuals

Reg. 1.170A-10 Carry Forwards of Charitable Contributions

Reg. 1.170A-11 Corporate Limitations on Charitable Deduction Carry Forwards

Reg. 20.2055-1 Deduction for Transfers for Public, Charitable, and Religious Uses

Reg. 20.2055-2 Transfers Not Exclusively for Charitable Purposes

Reg. 25.2522(a)-1 Determining the Amount of Charitable and Personal Gifts for Citizens and Residents of the United States

Reg. 25.2522(c)-2 Disallowance of Charitable, Etc., Deductions

Reg. 25.2522(c)-3 Transfers Not Exclusively for Charitable, Etc., Purposes

Future Interest Gifts

Reg. 1.170A-5 Future Interests in Tangible Personal Property

Reg. 25.2503-3 Future Interests in Property

Partial Interest Gifts

Reg. 1.170A-7 Partial Interest Gifts to Charity

Receipts and Record Keeping

Reg. 1.170A-13 Record Keeping and Return Requirements for Charitable Gifts

Reg. 1.6050L-1 Information Return by Donees Relating to Certain Dispositions of Donated Property

Reg. 1.6115-1 Disclosure Requirements for Quid Pro Quo Contributions

POOLED INCOME FUNDS

Reg. 1.642(c)-5 Definition Of Pooled Income Fund

PRIVATE FOUNDATIONS

Definitions

Reg. 53.4946-1 Definitions and Special Rules

Reg. 53.4958-3 Definition of a Disqualified Person

Excise and Penalty Taxes

Reg. 53.4942(a)-1 Taxes on Private Foundations for Failure to Distribute Income

Reg. 53.4944-1 Initial Taxes on Private Foundations for Jeopardy Investments

Reg. 53.4944-3 Exception for Program-Related Investments

Reg. 53.4958-1 Taxes on Excess Benefit Transactions

Excess Business Holdings

Reg. 53.4943-2 Imposition of Tax on Excess Business Holdings of Private Foundations

Scholarships and Grants

Reg. 53.4945-5 Grants to Organizations (by Private Foundations)

Self-Dealing-Exceptions

Reg. 53.4941(d)-3 Exceptions to Self-Dealing

Self-Dealing

Reg. 53.4941(b)-1 Imposition of Additional Tax on Self-Dealing Participants

Reg. 53.4941(d)-2 Specific Acts of Self-Dealing

TABLES

Reg. 1.72-9 Tables (Expected Return Multiples)

TAX ISSUES

Reg. 130843-13 Guidance on the Computation of Net Investment Income

Reg. 1.83-7 Taxation of Non-Qualified Stock Options

Reg. 1.641(c)-1 Electing Small Business Trust (ESBT)

Reg. 1.643(b)-1 Definition of Income

VALUATION

Reg. 1.170A-15 Substantiation Requirements for Cash Contributions

Reg. 1.170A-16 Substantiation and Reporting Requirements for Noncash Charitable Contributions

Reg. 1.170A-17 Qualified Appraisal and Qualified Appraiser Requirements

Reg. 1.170A-18 Contributions of Clothing and Household Items

Reg. 1.170A-12 Valuing a Remainder Interest in Real Property

Reg. 1.664-4 Calculation of the Fair Market Value of the Remainder Interest in a Charitable Remainder Unitrust

Reg. 20.2031-1 Definition of Gross Estate; Valuation of Property

Reg. 20.2031-2 Valuation of Stocks and Bonds

Reg. 20.2031-7 Valuation of Annuities, Interests For Life or Term of Years, and Remainder or Reversionary Interests

Reg. 20.2031-8 Valuation of Life Insurance and Annuity Contracts

Reg. 25.2512-3 Valuation of Interest in Businesses

Reg. 25.7520-3 Limitation on the Application of Sec. 7520