The Nebraska Law Review features an article discussing the broad definition of "charitable" in section 170 of the tax code. The article examines how the difference in the lay and legal definitions of the word charitable hinder discussion of reforming the charitable deduction. The article also presents statistical information about the allocation of donations for which the charitable deduction is claimed.
See Paul Valentine, A Lay Word for a Legal Term: How the Popular Definition of Charity Has Muddled the Perception of the Charitable Deduction, 89 Neb. L. Rev. (2010).
Posted by Adam Bair, Associate Editor, Wealth Strategies Journal
See Paul Valentine, A Lay Word for a Legal Term: How the Popular Definition of Charity Has Muddled the Perception of the Charitable Deduction, 89 Neb. L. Rev. (2010).
Posted by Adam Bair, Associate Editor, Wealth Strategies Journal
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