Wednesday, January 30, 2008
Wendy Gerzog (Baltimore) has posted The Strict Rules of Charitable Split Interest Gifts, 118 Tax Notes 541 (1/28/08), on SSRN. Here is the abstract:
When giving both to your family and to your charity, you must follow the rules carefully to qualify for a charitable deduction. The article discusses the recent Tamulis case [Estate of Tamulis v. Commissioner, 509 F.3d 343 (7th Cir. 2007), aff’g T.C. Memo. 2006-183], other split interest charitable deduction cases, and the doctrine of substantial compliance.