Wednesday, February 20, 2013

Conrad Teitell Testifies Before W&M Committee on Tax Reform and Charitable Contributions | Planned Giving Design Center

Conrad Teitell Testifies Before W&M Committee on Tax Reform and Charitable Contributions | Planned Giving Design Center: Testifying on behalf of the American Council on Gift Annuities, attorney Conrad Teitell offered a four-point plan of recommendations that include 1) making direct tax-free transfers to public charities from IRAs (IRA rollovers) permanent; 2) expanding IRA rollovers to include transfers to life-income charitable gifts; 3) eliminating current law that subjects the charitable deduction to the Pease limitation; and 4) preventing caps, floors and a lower tax rate at which charitable contributions may be deducted.

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