Charitable Trusts. Legal news and articles for February 22 - 23, 2012

Grant Thornton LLP Offers Tips to Survive Tax Season and Prepare for 2012Romney's Veiled Reference to Gay Adoption Was Debate's Only LGBT MentionDryden court decision could open door for local fracking bansObama, Romney unveil dueling tax plansDiocese sacks fundraising firmBP Spill Victims Still Feel Economic Impact as Trial NearsIRS Still Fighting Conservation Tax BreaksBP Oil Spill Haunts Gulf Business Owners Almost Two Years After DisasterAssumption Church reno hits snagBanned LTTE using front organizations to disguise as Human Rights championsEstate and Gift Tax Considerations for 2012: IDGTs - And you Must Act Now!Dryden court decision could open door for local fracking bansVirginia G. Piper Charitable Trust Establishes Arizona Literacy Director PositionWhat Do Directors Think When People Make a Torrent for Their Movie?Virginia G. Piper Charitable Trust Establishes Arizona Literacy Director Position

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Opinion: Saint Warren's Dark Side
Fox NewsFebruary 1, 2012

AP File By CHARLES GASPARINO, New York Post Imagine a Republican president regularly invoking the wisdom of a multibillionaire businessman who had profited off companies with questionable business practices, and who law-enforcement officials had ...more »

Banking glitch resolved in aid to landlord Thanh Kim Le's family
HollandSentinel.comFebruary 2, 2012

Wanting to help the family pay Le's outstanding funeral and medical bills, her friends from EBW collected $400 and set up an account at Chase Bank in Holland in the name of Le's daughter-in-law, Tiara Gwynn. Gwynn has been handling Le's bills and other ...more »

Charitable Trusts. News and Stories

Grant Thornton LLP Offers Tips to Survive Tax Season and Prepare for 2012
MarketWatch (press release)February 23, 2012

Contributing the maximum amount to traditional retirement accounts like 401(k)s and IRAs is still one of the simplest and best tax planning options. The 2012 contribution limit for a 401(k) has increased from $16500 to $17000.more »

Romney's Veiled Reference to Gay Adoption Was Debate's Only LGBT Mention
Metro WeeklyFebruary 23, 2012

However, when talking about adoption services that used to be offered by Catholic Charities in Massachusetts, he referred to it as "preferential treatment for homes with a mother and a father," avoiding any direct mention of the issue that Catholic ...more »

Dryden court decision could open door for local fracking bans
North Country Public RadioFebruary 23, 2012

State Supreme Court Judge Phillip Rumsey found that Dryden can enact zoning laws that ban drilling. The case could open the door for similar bans on hydrofracking in towns across New York. Dryden town attorney Mahlon Perkins says the state will still ...more »

Obama, Romney unveil dueling tax plans
Columbus DispatchFebruary 23, 2012

Timothy Rankin, an attorney for the funeral home, saw a message in the amount: “Public agencies and boards ought to be complying with the law. Otherwise, it puts a wrench in public trust and it costs public dollars.” Dispatch reporter John Futty has ...more »

Diocese sacks fundraising firm
Windsor StarFebruary 23, 2012

"Bishop Fabbro and his staff could not come to terms with the fact that the Foundation is not under the control of the Diocese, but has been constituted as an independent Charitable Foundation under the Income Tax Act (Canada) to restore Assumption as ...more »

BP Spill Victims Still Feel Economic Impact as Trial Nears
BusinessWeekFebruary 23, 2012

BP has stopped cleanup work on parts of the tract, which is held in trust for New Orleans and a variety of charitable causes, she said in court filings. Giant “tarballs” and oil deposits more than 100 feet long still wash ashore, she said.more »

IRS Still Fighting Conservation Tax Breaks
ForbesFebruary 23, 2012

While fancy appraisals can defeat the IRS, some taxpayers get piggish and end up in tax fisticuffs. Another key is good documentation. Some taxpayers are too aggressive, as where the donor is keeping its fingers in the deal so as not to irrevocably ...more »

BP Oil Spill Haunts Gulf Business Owners Almost Two Years After Disaster
BloombergFebruary 23, 2012

BP, as the well's owner, is legally responsible for the damages under the law, which it acknowledges in court papers. The London-based company has sued its contractors claiming they share the blame and should share the costs.more »

Assumption Church reno hits snag
Windsor StarFebruary 23, 2012

“Bishop Fabbro and his staff could not come to terms with the fact that the Foundation is not under the control of the Diocese, but has been constituted as an independent Charitable Foundation under the Income Tax Act (Canada) to restore Assumption as ...more »

Banned LTTE using front organizations to disguise as Human Rights champions
LankawebFebruary 22, 2012

There is little doubt to the truth that non-profit especially charitable organizations have become terrorist's best friend. It is through these organizations that terrorists are sending money tax free to terrorists to procure arms & ammunition to kill ...more »

Estate and Gift Tax Considerations for 2012: IDGTs - And you Must Act Now!
ForbesFebruary 22, 2012

The IRC, among its many other complexities, provides for one set of rules for income taxation (which most people are all too familiar with) and a different set of rules for gift and estate taxation (which most are not). The Federal income tax and the ...more »

Dryden court decision could open door for local fracking bans
North Country Public RadioFebruary 22, 2012

State Supreme Court Judge Phillip Rumsey found that Dryden can enact zoning laws that ban drilling. The case could open the door for similar bans on hydrofracking in towns across New York. Dryden town attorney Mahlon Perkins says the state will still ...more »

Virginia G. Piper Charitable Trust Establishes Arizona Literacy Director Position
SunHerald.comFebruary 22, 2012

PHOENIX -- Virginia G. Piper Charitable Trust today announced the establishment of a literacy director for the state of Arizona. Working in partnership with the Arizona Department of Education, Arizona Head Start Collaboration Office, First Things ...more »

What Do Directors Think When People Make a Torrent for Their Movie?
Huffington PostFebruary 22, 2012

(Indie producers at the time disliked him and the MPAA, and sued them, calling them a "trust" -- which now, like then, they still are.) Hays enacted what we call the Hays Code, which drafted draconian rules censoring what movie directors like me, ...more »

Virginia G. Piper Charitable Trust Establishes Arizona Literacy Director Position
EON: Enhanced Online News (press release)February 22, 2012

PHOENIX--(EON: Enhanced Online News)--Virginia G. Piper Charitable Trust today announced the establishment of a literacy director for the state of Arizona. Working in partnership with the Arizona Department of Education, Arizona Head Start ...more »

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