Miller & Chevalier Requests Guidance on Charitable Contributions Under Section 170(e)(3)

Marc Gerson and George Hani, of Miller & Chevalier, have asked the Service to include on its 2017-2018 priority guidance plan guidance clarifying the treatment of acquisition costs for charitable contributions of inventory and other property under Section 170(e)(3), noting that this project is not only in accordance with, but supports and furthers, President Trump’s regulatory reform agenda.

See the letter requesting this guidance on Tax Notes Web Site (subscription required).

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.