IRS Charitable Contribution Rules

The November Chapter Meeting will be held on Wednesday, November 19, 2008 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:00 pm; the general meeting starts at 6:30. The guest speakers will be IRS attorneys Susan Kassell, Esq. and Nancy Lee, Esq. who will talk about What Appraisers Should Know About Proposed IRS Regulations on Income Tax Charitable Contributions Under Section 170.

Ms. Kassell is Senior Counsel in the IRS Office of the Associate Chief Counsel (Income Tax & Accounting) in Washington, D.C. With the IRS since 1995, she has conducted guidance projects and published private letter rulings on the deductibility of charitable contributions under Section 170. Working in the same office, Ms. Lee has specialized in Section 170 charitable contribution issues.

Their presentation will cover general rules for deducting charitable contributions, and specific rules -- both current and proposed -- for substantiating charitable contributions, including rules added by the Jobs Act of 2004 and the Pension Protection Act of 2006.

The program qualifies for one hour of ASA Continuing Education Credit. Dinner is $35 per person for members and guests. Make checks payable to ASA Philadelphia Chapter 35. Please RSVP by November 14 to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).

Reminder: The Chapter meeting follows the eight-hour Report Preparation Course (ASA ME210) taught by Charles C. Dixon, ASA at the same venue. The seminar is of interest to both appraisers of Machinery and Equipment as well as of Personal Property and is considered useful for both candidates writing reports as well as seasoned appraisers who want to catch up on the most recent data. Click here to register.