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Charitable Donations - Value of Donated Property

Archives - November 2015

Posts tagged "Charitable Donations - Value of Donated Property"

Mattacchione v. R. - TCC: 50-1 Donation flip not a hit in Tax Court
Nov 27, 2015 By Bill Innes
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Précis: This may (one can only hope) be one of the last cases dealing with inflated valuations of gifts in kind to charities. The appellants, formerly husband (“Roberto”) and wife (“Vincenzina”), made donations to a registered charity in the period 2003-2005 of hockey sticks and medical supplies. They received donation receipts of roughly $8 million in the case of the wife and $1.5 million in the case of the husband.
Mattacchione v. R. - TCC: 50-1 Donation flip not a hit in Tax CourtREAD MORE »
Mariano v. R. - TCC: Another gift in kind scheme bites the dust
Nov 10, 2015 By Bill Innes
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Précis: This decision involved a somewhat complex charitable donation program involving gifts in kind of software licenses by donees and the issuance of charitable receipts to them in an amount roughly 3 or more times their cash actual outlay. The trial was unusually long for Tax Court proceedings (25 days) and ended with the taxpayer losing on all points they raised.
Mariano v. R. - TCC: Another gift in kind scheme bites the dustREAD MORE »

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