Live Webinar

100-minute live streaming program
  • October 25
  • 1:00 - 2:40 pm EST

Also available as:

OnDemand Course

Tax Benefits and Considerations for Contributions of Inventory and Other Assets by Business Entities

October 25

Understand the tax benefits and rules related to gifts of inventory and other assets.

Many business entities and individuals wish to support the mission and programs of important charitable organizations with gifts of inventory and other assets. This course will review the unique considerations and rules governing the tax benefits for gifts of inventory and other assets. Applicable IRS publications and forms will be shared and explained.

Learning Objectives

  • You will be able to explain the general tax deduction rules applicable to gifts of inventory.
  • You will be able to identify business entity considerations for gifts.
  • You will be able to discuss general tax rules for gifts of other assets.
  • You will be able to recognize special considerations for various types of gifts.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Gifts of Inventory
  • General Considerations
    • Tax Deduction Rules
    • Income Tax Deduction Limitation for Inventory Gifts
    • Special Rules for Food Inventory
  • Business Entity Considerations
    • C Corporation
    • S Corporation
    • Limited Liability Corporation
    • Partnership
Gifts of Other Assets
  • General Tax Rules
  • Stock
  • Real Estate
  • Intellectual Property
  • Other Special Considerations
    • Gifts of Time or Services
    • Qualified Sponsorship Payments
    • Loans of Cash or Assets
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • Enrolled Agents 2.0
     
  • In accordance with the standards set forth in Circular 230 section 10.6, CE credits have been granted based on a 50-minute hour. This program qualifies for 2.0 Continuing Education Credit(s) for enrolled agents.
     
  • CPE 2.0 including Taxes 2
     
  • Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

OnDemand Course

This course was last revised on February 14, 2012.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Who should attend?

This live webinar is designed for accountants, CPAs, CEOs, presidents, vice presidents, CFOs, controllers, business owners and managers, and enrolled agents.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Philip M. Purcell, Esq

Philip M. Purcell, Esq

Consultant for Philanthropy, LLC

  • Territorial Director of Planned Giving, The Salvation Army Central Territory
  • Adjunct faculty, Indiana University Lilly School of Philanthropy and Maurer School of Law
  • Consultant for publicly supported charitable organizations and private foundations within the U.S. and internationally
  • Frequent speaker at local, regional, and national conferences
  • Member of the IRS Tax Exempt Organization Advisory Council (Midwest region) and the American and Indiana State Bar Associations
  • President-elect of the American Council on Gift Annuities and past director of the National Association of Charitable Gift Planners
  • Can be contacted at [email protected] or 765-730-4321
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 411546
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