Legal Library

We have reported recently on several cases that emphasize the strictness of the rules relating to charitable contributions of appreciated property. The IRS and Tax Court both have traditionally insisted on strict compliance with all of the various charitable contribution rules and procedural requirements, including a written acknowledgement of the gift by the donee and a qualified appraisal. In Crimi v. Commissioner (Tax Court, February 14, 2013), the IRS acted predictably and disallowed the taxpayer’s deduction for the contribution of real property to a county in New Jersey.