CUA Law Professor Roger Colinvaux was quoted in The New York Times discussing charitable deduction loopholes. A link was also provided to a letter professor Colinvaux had sent to the Senate Finance Committee in regards to legal reforms to charitable organizations, including D.A.F.s.
How Tech Billionaires Hack Their Taxes With a Philanthropic Loophole
By: David Gelles
Date: August 3, 2018
From: The New York Times
"Smart donors have been playing timing games with the charitable deduction for a long time," said Roger Colinvaux, a tax professor at the Catholic University of America's Columbus School of Law. "In this case, he potentially gets a very large deduction and gives nothing away. That's a disturbing public policy issue."
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Congress and the I.R.S. have recently requested public feedback about possible legal reforms to charitable organizations, including D.A.F.s. In response, Ms. Madoff and Mr. Colinvaux wrote a letter to the Senate Finance Committee calling for changes that would include establishing a payout period for D.A.F.s, and other measures they say would improve accountability.
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