Summer 2009, Vol. 34, No. 2
Abstract: Most taxpayers are familiar with the benefit of charitable deductions, as provided under the federal income tax law, Code §170. These charitable deductions have been in existence for many decades. Not surprisingly, valuation issues spawn much controversy. This article addresses the regulations, under Treasury Reg. §1.170A-13, and generally under Code §170, which attempt to place more controls on the valuation issue because of the importance of this deduction and the concern as to what constitutes fair value.