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Taxation & Estate Planning

: TaxProf Blog

Charitable Life Insurance Gift Program Blows Up on University, Donors

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Joe Kristan (Roth & Co.) blogs a tax fiasco reported in the Des Moines Sunday Register: Nearly 1,700 contributors to a University of Northern Iowa athletic scholarship fund lost an estimated $6.8 million in accumulated insurance this year when school officials determined the benefit violated federal tax law, according to...

Full post as published by TaxProf Blog on August 24, 2009 (boomark / email).

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