Donor places company stock from a qualified profit sharing plan into a CRT to defer gain, obtain a tax deduction, receive a lifetime cash flow, and create a charitable legacy.

This article covers best practices for an insurance gift program. What works, what doesn't, and what about those "creative" techniques? Marketing, administration, and stewardship are addressed. Learn ways to ensure your organization rides the waves of a productive and well‐run insurance program without drowning in the process.

This past Tuesday, the Senate passed S. 4116 (Bill) to extend the date to apply for loans under the Paycheck Protection Program of the CARES Act from June 30 until July 8, 2020. Yesterday, the House passed the Bill.

UPDATE: The President signed the Bill on July 4, enacting it into law.

In an internal memorandum (Memorandum) from Passthroughs & Special Industries (Branch 3), the National Office informed other divisions of IRS that a wide-spread technique of using a CRAT to avoid gain on the sale of assets would not be successful, the CRAT was invalid, and there were significant ancillary issues involving assignment of income and the imposition of SECA taxes.