Charitable Income Tax Deductions and Planning for 2025
Tax Implications of Charitable Planning and Giving Strategies; Impact of SECURE 2.0; Strategies to Maximize the Tax Benefits
Recording of a 90-minute premium CLE/CPE video webinar with Q&A
This CLE/CPE webinar will provide tax counsel and advisers guidance on applicable rules regarding charitable income tax deductions and planning and pitfalls to avoid. The panel will discuss income tax charitable deduction rules under current tax law, substantiation and reporting requirements, the impact of SECURE 2.0, donor obligation, contemporaneous written acknowledgments and disclosures, property transfers, and other key items that taxpayers must consider.
Outline
- Governing documents requirements
- Charitable deduction rules and requirements
- Reporting obligations and challenges
- Substantiation rules
- Planning considerations
Benefits
The panel will discuss these and other key issues:
- Charitable deduction rules and requirements
- Reporting of charitable deductions
- Distinctions between contributions made from the corpus and those made from income
- Types of trusts eligible to make deductible donations
- Specific provisions in trust documents that allow for deductible contributions
- Differences between allowable individual and trust contributions
- Available vehicles for charitable giving and pitfalls to avoid
Faculty
Jennifer F. Scharre
Partner
Coblentz Patch Duffy & Bass
Ms. Scharre is a Certified Specialist in Estate Planning, Trust and Probate Law by the California Board of Legal... | Read More
Ms. Scharre is a Certified Specialist in Estate Planning, Trust and Probate Law by the California Board of Legal Specialization. Her practice focuses on sophisticated wealth transfer strategies for high net worth clients, including founders, individuals at startups, and clients with large real estate portfolios. Ms. Scharre's prior practice at a boutique trusts and estates firm makes her uniquely equipped to solve both the legal and tax issues that families face as well as the practical issues of family dynamics, succession planning, and wealth preservation. Her estate planning practice includes working with clients to develop and execute their legacy goals including drafting estate planning and entity documents. Ms. Scharre also represents fiduciaries and beneficiaries in all aspects of trust and estate administration including preparation of trust accountings and estate and gift tax returns. She also provides advice on property tax issues for clients with large real estate portfolios and provides strategies to limit reassessment. Ms. Scharre is a prolific speaker and provides informative presentations regarding estate planning, charitable giving, and special needs issues to professional organizations and her local community. She has been a Lecturer at both Santa Clara School of Law and UCSC Extension. Ms. Scharre serves on the Executive Committee of the Trusts and Estates Section of the California Lawyers Association and on the Board of Trustees of the Silicon Valley Bar Association (SVBA), where she is also Treasurer. She previously served as Executive Committee Chair and Education Co-Chair of the SVBA. Ms. Scharre is a member of the Estate Planning, Trust and Probate Section of the State Bar of California.
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Steven L. Walker
Attorney
Law Offices of Steven L. Walker
Mr. Walker's practice focuses on representing businesses and individuals facing tax controversies before the... | Read More
Mr. Walker's practice focuses on representing businesses and individuals facing tax controversies before the federal and state taxing agencies. He also handles estate planning, trust and probate administration. Mr. Walker is personable and knowledgeable and known for providing skilled advocacy and expertise.
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