CONRAD TEITELL'S PHILANTHROPY TAX E-LETTER (NEW) A Penton Media Property December 27, 2011 If you want to view this on the web go to: http://enews.penton.com/enews/trustsandestates/v/285 FEATURE STORY --Unreimbursed Volunteer Expenses By Conrad Teitell, LL.B., LL.M. Volunteers who contribute their time -- the most valuable asset of all -- certainly aren't motivated by tax breaks. Many of these MVPs -- Most Valuable Philanthropists -- probably are unaware that their unreimbursed expenses are deductible contributions for itemizers. A recent Tax Court case, involving only $4,838 in income taxes is a virtual primer on the deductibility of unreimbursed volunteers expenses. The long, detailed and scholarly court opinion shows that the busy courts take these issues seriously, regardless of the amounts involved. To view the full article go to: http://trustsandestates.com/conradteitell/unreimbursed_volunteer_expenses/ TOP STORY --Substantiating Charitable Gifts - Specimen Letter To Donor-Clients By Conrad Teitell, LL.B., LL.M. Now's a good time to tell your clients how to substantiate their charitable gifts on their 2011 federal income tax returns -- due by April 16, 2012. Strict, detailed and overlapping substantiation requirements must be met for charitable deductions to be allowed. And generally there's no second chance if deadlines are missed or requirements aren't satisfied. To view the full article go to: http://trustsandestates.com/conradteitell/substantiating_charitable_gifts/index.html ABOUT THIS NEWSLETTER You are subscribed to this newsletter as 'email' To subscribe to this newsletter go to: https://www.sunbeltfs.com/forms/ts/subscribe.asp To unsubscribe from this newsletter go to: http://news.trustsandestates.com/unsubscribe.jsp?opt=TE-03 For questions concerning delivery of this newsletter, please contact our Customer Service Department at:

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