Three ways to help your clients: Flip CRUT, PIF, and installment sale.
By Randy Fox
Ez Charitable
One little-discussed change in the new tax law is the broad changes to code section 1031 and the impact it will have on your clients who own collectibles.
The provision that allows like-kind exchanges for similar types of property has been amended to eliminate exchanges for anything other than real property. This will present many opportunities for the giving of tangible and intangible personal property for the CPA that becomes familiar with the new rules.
When it comes to giving advice about philanthropy, CPAs are at the top of the list, according to the U. S. Trust Survey of High Net Worth Individuals.
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