Congressional Research Service Reports - 3 Matching Results

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501(c)(4)s and the Gift Tax: Legal Analysis

Description: This report discusses whether substantial donations to tax-exempt 501(c)(4) organizations are subject to the federal gift tax.
Date: August 10, 2012
Creator: Luckey, John R. & Lunder, Erika K.
Partner: UNT Libraries Government Documents Department
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Section 179 and Bonus Depreciation Expensing Allowances: Current Law, Legislative Proposals in the 112th Congress, and Economic Effects

Description: This report examines the current status, legislative history, and economic effects of the two expensing allowances (Section 179 and Bonus Depreciation Allowance) and also discusses initiatives in the 112th Congress to modify them. Expensing is the most accelerated form of depreciation for tax purposes. Section 179 of the Internal Revenue Code (IRC) allows a taxpayer to expense up to $125,000 of the total cost of new and used qualified depreciable assets it buys and places in service in 2012, wi… more
Date: August 14, 2012
Creator: Guenther, Gary
Partner: UNT Libraries Government Documents Department
open access

501(c)(3) Organizations: What Qualifies as "Educational"?

Description: Report that discusses the legal definition of the term "educational," as well as the constitutional implications of that definition.
Date: August 21, 2012
Creator: Lunder, Erika K.
Partner: UNT Libraries Government Documents Department
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