CharitablePlanning.com

Close
Select a date
Please wait ...
Close

What is CharitablePlanning.com?

CharitablePlanning.com is an online tool for planning professionals seeking to manage their research, save time and make educated decisions. In addition to a fully searchable library, useful calculations and personal file management, subscriptions include daily commentary from our team of experts on important events, as well as access to the definitive Handbook on the field of Charitable Planning.

Subscribe Now
7-day trial
Learn More

Recent Commentary RSS Feed

Revocations and Rejections

Tuesday, January 27, 2015

This week's release of private letter rulings included one rejection letter, PLR 201504017.

Two Scholarship Exception Rulings

Monday, January 26, 2015

In two unrelated rulings, PLRs 201504018 and 201504019, the Service determined a private foundation's grants to individuals would fall within the scholarship exception to the general prohibition against taxable expenditures.

PLR 201504009 - Yet Another Late Form 8939 Filing

Monday, January 26, 2015

In PLR 201504009, the Service exercised its discretion to permit the late filing of Form 8939, on which the executor of a decedent who died in 2010 elects out of the federal estate tax, and allocates up to $1.3 million in basis increase to selected assets.

February 7520 Rate Slips Back to 2.0%

Monday, January 26, 2015

Rates, Tables & Statistics

In Rev. Rul. 2015-3, the Service announced the Section 7520 rate for February will again fall to 2.0%. The rate was steady at 2.2% throughout much of 2014, touching 2.4% twice, but dipping to 2.0% in December. Over the course of 2014, the rate averaged nearly 62 basis points higher than in 2013.

IRS Updates Applicable Federal Rates for February 2015

Friday, January 23, 2015

The IRS has announced the Applicable Federal Rates for February 2015, including the Section 7520 rate of 2.0%.

More Recent Commentary

Content provided by CharitablePlanning.com in conjunction with Kallina & Associates, LLC

Support

If you encounter problems when using this website, or when the website does not function as you would expect, please contact our support team: support@charitableplanning.com.

Legal

Questions related to our terms of use, privacy policy, copyright or other such legal matters should be directed to our legal team: legal@charitableplanning.com.

Feedback

If you have comments about the website or our commentary, or if you have suggestions on how we can better serve you, please use our Feedback Form.

© 2006-2015, CPC Holdings, LLC