Estate Planning for Political Contributions. Eric Reis Thompson & Knight LLP 214.969.1118 [email protected] Introduction: Political Giving.
Estate Planningfor Political Contributions
Thompson & Knight LLP
How can the gift tax exclusion rules for political contributions be used for family transfer planning?
The following example illustrates how the strategy used in the Snyder case can be adapted to take advantage of the Section 2501(a)(4) exclusion without triggering the restrictions of Chapter 14
The following example illustrates how the strategies used in Snyder and Hipp can be reversed by giving an income interest to a taxpayer’s children and a residual interest to a political organization
As required by United States Treasury Regulations, this communication is not intended or written to be used, and cannot be used, by any person for the purpose of avoiding penalties that may be imposed under United States federal tax laws.