Video

  • 18 minutes

Preserving the Charitable Contribution Deduction Trap for Unwary: Limits on Deductions

 
What are the factors that limit charitable contribution deductions?

Items discussed in this video include the 50% limitation, special 30% limitation, 30% limitation as well as the 20% limitation. In this video we discuss the priority of deductions and examples of how priorities and carryover rules are utilized. You will also get an overview of the applying the deductions limits worksheet and examples of how it is utilized with specific scenarios.

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 with tax disputes before tax authorities and also is an instructor for UCLA Extension on taxation of nonprofit organizations.
Runtime: 17 minutes

Agenda

Faculty

Louis E. Michelson, Esq.

Louis E. Michelson, Esq.

Louis E. Michelson, A Professional Corporation

  • Principal with Law Offices of Louis E. Michelson, A Professional Corporation
  • Practice focuses on planning, charitable giving and other federal, state and local taxation issues for tax-exempt organizations
  • He advises public charities, private foundations, religious and educational organizations, and other nonprofit organizations on issues of formation, management, joint ventures, planned giving and board governance
  • Speaks regularly on nonprofit and tax exemption legal matters
  • Lecturer at UCLA Extension on tax issues for nonprofit organizations
  • Immediate past chair of the Nonprofit Organizations Committee of the Business Law Section of the California Lawyers Association
  • J.D. degree, UCLA School of Law; M.S. degree in accountancy, DePaul University; B.A. Degree, with general honors, University of Chicago
  • Can be contacted at 310-843-0700 or [email protected]

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