Taxpayers often use charitable remainder trusts to avoid current tax on appreciated property. This is usually accomplished by the contribution of appreciated property to a charitable remainder trust, and then the trust sells the asset. Since the trust is tax-exempt, no current income tax is due on the sale. However, under the tiered income rules, as distributions are made to the grantor, those gains will be taxable to the grantor. Therefore, such planning is usually a deferral mechanism, not a tax elimination mechanism. Continue Reading »
While Americans can realize significant benefits from estate plans, surprisingly, more than half do not have one in place. And, regardless of the size of one’s estate, proper planning can prevent family disputes over the disposition of assets.
Thwap-OUCH-thud… Thwap-OUCH-thud…Thwap-OUCH-thud…”
Fred, the flea, was trapped. Not in the fur of a dog or a cat. No. Fred was trapped in a jar with a tightly sealed lid. Continue Reading »
Here is a sample presentation you can watch. The first part is an example of a presentation I made to a non-profit board. http://cps3.growcharity.org/wp-content/uploads/gatheringpart11.flv
This is an example of dialogue you can use in any small group presentation.http://cps3.growcharity.org/wp-content/uploads/gatheringpart2.flv
We just began our Donor Estate Planning Series. We have been sharing with our partner charities ways that could begin looking for gifts that everyone could make. This includes bequests, testamentary gifts etc. Continue Reading »
Here are two PDF download that address what’s becoming common knowledge in our industry.
The Cost of going Pro
Here are the PDF files used in yesterdays monthly webinar.
Alignment
Here are the audio files and the corresponding powerpoint presentations for your review.
Download Partner Charity Program MP3 (Tracy Haraksin)
Download Henry Whiffen Part 1 MP3
Download Henry Whiffen Part 2 MP3
Download Henry Whiffen Part 3 MP3
Download Kelly Kidwell Part 1 MP3
Download Kelly Kidwell Part 2 MP3
Download Kelly Kidwell Final Presentation MP3
Download Victory For Babies (Joel and Tracy) MP3
Here are the powerpoint presentation used in Dallas.
Henry Whiffen - Zero Estate Tax Pwerpoint slides
Henry Whiffen - 7 Charitable Techniques - Powerpoint slides
Joel Preston - Project 100 Victory for Babies - Powerpoint slides
Dallas Texas, April 23-24th
All Charitable Planning Specialists and Advisor Members; particularly those that are new to the program. This is a chance for you to get up to speed on all of the details of our program, and how you can impact your local community and beyond through advanced charitable planning.
This “classroom” style event is one of two scheduled education conferences in 2008. This conference will address five (5) key areas.
(1) Kelly Kidwell will introduce the fundamentals and dynamics of expanding your practice with charitable strategies.
(2) Addressing and capturing the interest of CPAs.
(3) Using the new March of Dimes “Lasting Impact for babies initiative”.
(4) How to introduce and work with new charities.
(5) How new charitable and estate planning software will illustrate and help you present complex strategies.
We will also be hearing from the software designer who will integrate PI training with planning illustrations. Specific training materials and marketing strategies will be introduced, as well as an invaluable networking reception.
The conference begins with a cocktail reception on Tuesday evening, April 22nd. Breakfast will be served at 7:00 am on Wednesday, April 23 followed by an all-day training program.
Thursday morning starts with breakfast at 7:00 am and our training will being at 8:00 am. Breakfast and lunch are provided both days. The conference will conclude at 5:00 pm on Thursday.
The easiest way to register is to call our office and reserve your spot with Chelsea Plumb @ (909)625-4511 ext. 245.
Grand Hyatt DFW
2337 South International Parkway, DFW Airport, Texas, USA 75261-9045
Tel: (972) 973-1234 Fax: (972) 973-1299
Hotel is located right next to the DFW airport. Complimentary shuttle or speed train.
You will be receiving an email with hotel reservation instructions.
All education fees are included in your CPS/Advisor Membership with the March of Dimes hosting your meal plan. There is no registration fee for this event and you will only be responsible for airfare and hotel expenses. Due to the cost involved in pre-arranging this conference, any late cancellations will result in a $75 conference cancellation fee.
Here is a very recent letter regarding the most recent IRS attack on NQDC.
The IRS Throws Down the Gauntlet
on Executive Compensation
Attorneys are up in arms about an IRS ruling
that nixes corporate deductions for executive compensation
By Robert Willens, February 28, 2008.
A recently-issued private letter ruling (LTR 200804004) signaled a radical change in the Internal Revenue Service’s position regarding the nature of certain compensation paid to executives. The ruling concluded that such compensation was not “qualified performance based compensation.” As a result, compensation paid to “covered employees” would not produce a tax deduction for the paying entity. (See The Willens Report, “Tax Talk From Washington, D.C.”, Volume 2 Issue 41, February 22, 2008, subscription required.)