Video

  • 11 minutes

Preserving the Charitable Contribution Deduction Trap for Unwary: Appraisals

 
In this video, you will learn about property donations, substantiation and qualified appraisal, appraisal summary, disallowed deduction cases and IRS review and penalties. You will get a better understanding of dealing with property that donated and over $5000, determining the value of donated property and the various kinds of property. You will also get a better understanding of what is needed in an appraisal summary in order to be a qualified appraisal.

This video also highlights several disallowed deduction cases giving you the background and fundamental knowledge you need regarding what case law means to appraisals and deductions.

Louis E. Michelson, Esq. is the founder of the Law Offices of Louis E. Michelson. Mr. Michelson’s practice includes formation, board governance and tax issues for tax-exempt organizations and income tax planning to businesses in corporate, partnership and LLC structures. Michelson represents clients in connection in tax disputes before tax authorities and also is an instructor for UCLA Extension on taxation of nonprofit organizations.
Runtime: 11 minutes

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