Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Monday, December 29, 2014

IRS Press Release on Tax-Free Transfers to Charity

IRSThe IRS recently released a press release entitled Tax-Free Transfers to Charity Renewed For IRA Owners 70½ or Older; Rollovers This Month Can Still Count For 2014, IR-2014-117, Dec. 23, 2014. Provided below is an excerpt from the press release.

Certain owners of individual retirement arrangements (IRAs) have a limited time to make tax-free transfers to eligible charities and have them count for tax-year 2014, the Internal Revenue Service said today.

IRA owners age 70½ or older have until Wednesday, Dec. 31 to make a direct transfer of part or all of their IRA distributions to an eligible charity.

See, IRS Press Release on Charitable IRA Rollover, Charitable Planning, Dec. 24, 2014.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.

 

https://lawprofessors.typepad.com/trusts_estates_prof/2014/12/irs-press-release-on-tax-free-transfers-to-charity.html

Estate Planning - Generally, Non-Probate Assets | Permalink

TrackBack URL for this entry:

https://www.typepad.com/services/trackback/6a00d8341bfae553ef01bb07cd9bea970d

Listed below are links to weblogs that reference IRS Press Release on Tax-Free Transfers to Charity:

Comments

Post a comment