Write-Offs:

November 13, 2003 | Read Time: 1 minute

A group of organizations opposing permanent repeal of the estate tax has released a report that says such a repeal would cause states to lose an average of $187-million annually in donations. The report, “The Estate Tax and Charitable Giving: State-by-State Analysis,” is available online at http://www.ombwatch.org/budget/pdf/ETCharitable_state_
final_oct2003.pdf.
The IRS has released an article discussing its test for determining whether a tax-exempt group qualifies as a charity. The article, “Organizational Test — IRC 501(c)(3),” can be found online at http://www.irs.gov/charities/article/0,,id=101915,00.html. It will be available in printed form later this year in the tax agency’s Continuing Professional Education textbook for fiscal 2004.