The Internal Revenue Code,
in an effort to encourage donations of "paintings, sculptures,
watercolors, prints, drawings, ceramics, antique furniture,
decorative arts, textiles, carpets, silver, rare manuscripts,
historical memorabilia and other similar objects" authorizes
the tax deduction of the fair market value of donated art
up to 30% of the donor's adjusted gross income in the year
of donation.
Internal Revenue
Code Section 170(a) permits the deduction of the fair
market value of donated art up to 30% of the donor's
adjusted gross income in the year of donation.
MISSION: TO PROVIDE TIMELY LEGAL
ADVICE, FACILITATION AND SUCCESSFUL LEGAL REPRESENTATION TO ACCOMPLISH
DONATIONS OF COLLECTIBLE ART, UNDER INTERNAL REVENUE CODE SECTION
170(a)
