April 2021 Virtual Meeting

When:
April 7, 2021 @ 7:30 am – 9:00 am
2021-04-07T07:30:00-07:00
2021-04-07T09:00:00-07:00
Where:
Zoom Virtual Meeting
Cost:
Members: Free; Non-Members: $25
Contact:
Melinda
520-881-1778

April Handout Willis

Un-pause: recent tax law developments affecting gift planning

Speaker: Russell Willis III, J.D., LL.M

Much has happened in recent months, but in some ways it also feels as though time has stood still. We have an hour here to talk about recent legislation, IRS rulings and regulations, and court decisions having to do in one way or another with charitable gift planning. We will touch lightly on some and drill down on others.

The “unlimited” itemized deduction for cash contributions to (b)(1)(A) charities, extended another year. The death of the “stretch” IRA, but with the testamentary charitable remainder trust or gift annuity as possible workarounds. Several active fronts in the permanent IRS war on syndicated conservation easements, with some spillover effects on other charitable gift planning. A couple of other transfers IRS has identified as “abusive.” Some emerging concerns with prearranged sales immediately following the contribution of appreciated property.

 

Russell Willis III is a tax lawyer, a freelance writer, and a consultant to other lawyers — an advisor to the advisor — on issues arising in connection with wealth transfers. Much of his practice is focused on structuring charitable contributions of closely held business and real property interests, so as to serve the mutual benefit of all parties.

Russ has written numerous articles for publications serving tax and charitable gift planning professionals, and he has been a frequent conference and seminar speaker. Several years ago, he launched a newsletter, the Jack Straw Fortnightly, analyzing current developments in the law — both tax and nontax — concerning the transfer of private wealth in this country.

More recently, he created a seven-hour course of asynchronous webinars titled “PG 103: stuff every gift planner should kinda know,” comprising a complete, somewhat advanced course on tax-advantaged charitable gift planning techniques. Each segment of the course is approved by CFRE International for an hour of education credit for certification or recertification.

Russ has a law degree from St. Louis University and a master’s degree in Taxation Law from Washington University in St. Louis. His undergraduate degree in English Literature is from Indiana University, Bloomington, and he has a master’s degree in English from the University of Chicago.

A transportational bicyclist and sometime bike mechanic, Russ has lived car-free since 2008.

Register by Friday, April 2, 2021

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