Taxation

Trusts & Estates

Lifetime Donations by Artists: Why Donations Tend to Occur after the Paint Has Dried

By Michael Duffy

This article will review the basic rules for claiming a charitable income tax deduction for lifetime gifts of tangible personal property and set forth some planning ideas that practitioners may wish to consider for artist-clients.

Taxation

Taxpayer Advocate Service: Not Just for Low-Income Taxpayers

By Andrew R. Roberson, McDermott Will & Emery LLP, Chicago, IL

Many tax practitioners I have talked to over the years are aware of the Taxpayer Advocate Service (TAS), but are unfamiliar with how TAS operates and what kinds of cases it handles. Some have indicated that they view TAS as dealing primarily with issues for low-income taxpayers and not a resource for issues affecting corporate taxpayers or high-income individuals. This article seeks to dispel this common misconception and provide guidance on how TAS can help with all types of taxpayers and issues.

Taxation

Tax Section Launches Podcasts

By Linda M. Beale, Wayne State University, Detroit, MI

We are delighted to announce the launch in this issue of the ABA Tax Times of a new feature, People in Tax Podcasts. These conversations will provide insight into the various careers in tax enjoyed by our members and information about career trajectories, from education through involvement in the Tax Section’s many activities.

Support the Section’s Public Service Efforts with a Contribution to the TAPS Endowment

Through the Tax Assistance Public Service (TAPS) endowment fund, the Section of Taxation seeks to provide stable, long-term funding for its tax-related public service programs.