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.
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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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More Program Information
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
OnDemand Course
This course was last revised on October 25, 2024.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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More Program Information
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
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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More Program Information
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.
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