Sale under option contract at independently appraised value, approved by probate court, passes muster.

EO Director responds to sharp questioning at conference.

Losses incurred in years when entity was exempt carried into years when it is taxable.

Statements are intended to be general, not binding on particular matters.

Transfer taxes were allocated entirely to residuary trust.

Unclear at what level the advice was given.

Difficulties arise with "tiered" trusts, a late ESBT election, and a late QSST election.

Discretionary relief granted where error was committed by professional advisor.

Related SO litigated identical issues in 2nd Circuit 8 years ago.

Deduction limit would jump by an order of magnitude to $5 million.

Bill would allow tribal-funded charities to be treated as public charities rather than private foundations.

Private foundations, DAF sponsors must ascertain status of grant recipients.

CGAs to be funded by commercial annuity contracts, contributors to DAFs shut out of discussion.

Regs under Section 6104(e) unchanged since adopted in 1999.

Reporting of qualified tuition and student loan interest payments, acknowledgment of contributions of vehicles.

With one exception, rulings also confirm that grants are excludible from recipients' income.

Pledges to opera company over several seasons and matching grant to construct playing fields both satisfy "suitability" test.

Proposed Regs on late GST exemption allocations would not affect this result.