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Ballard Spahr LLP: IRS Announces that Gifts to Single-Member LLCs Owned by Charitable Organizations Are Deductible

By Jean C. Hemphill and Christopher A. Jones The IRS has published welcome, long-awaited guidance regarding the deductibility of contributions made to a single-member limited liability company (LLC) owned by a charitable organization. For a variety of reasons, tax-exempt charitable organizations...

Ballard Spahr LLP: Windows of Opportunity: Year-End Gift Planning Opportunities for 2012

By the Family Wealth Management Group Although the end of the year is several months away, it is time to think about taking advantage of the generous tax savings that may be available for 2012 only. The 2010 Tax Act made significant changes to the estate, gift, and generation-skipping transfer...