U.S. International Tax Aspects of Charitable Giving and Charitable Operations (Portfolio 6810)
At a glance
I. Introduction
II. Recognition of U.S. Tax-Exempt Status
III. Income Tax Treatment of International Charitable Contributions by U.S. Persons
IV. Income Tax Treatment of International Charitable Contributions by Non-U.S. Persons
V. Estate and Gift Tax Treatment of International Charitable Bequests and Gifts
VI. U.S. Tax Treatment of a U.S. Charitable Organization
VII. U.S. Tax Treatment of a Foreign Charitable Organization
VIII. Miscellaneous U.S. Tax Issues
IX. U.S. Treasury Anti-Terrorist Rules
Abstract
Bloomberg Tax Portfolio, U.S. International Tax Aspects of Charitable Giving and Charitable Operations Portfolio discuss the extent to which a charitable contribution made by an individual or corporation may have the effect of reducing the donor's U.S. income tax, estate tax, and/or gift tax; U.S. taxes (primarily excise taxes) that may be imposed on a U.S. or foreign charitable organization with respect to its day-to-day operations; and U.S. taxes (both income taxes and excise taxes) that may be imposed on a U.S. or foreign charity with respect to income that it may realize from its investments.