The most common type of corporation is a traditional "C" corporation. All companies whose stock is publicly traded are C corporations. C corporations first pay tax on net income at the corporate level. When that income is distributed to shareholders in the form of dividends, the shareholders also pay tax. The result is that C corporation income is taxed twice – once at the corporate level and once at the shareholder level.

"S" corporations resemble C corporations except that they elect to be taxed differently. >> More

ORG is tax-exempt under Sec. 501(c)(3) and classified as a private foundation as defined in Sec. 509(a). ORG carries out its charitable purposes through the promotion of public awareness and appreciation of the leading twentieth century artists and their creations. >> More

Bill Russell grew up on the Great Plains. During his youth, he was a rodeo bull rider, and gained fame as "Wild Bill" for his daring exploits. But Wild Bill was an artist at heart and soon decided to move on to his artistic pursuits. >> More

GiftLaw Pro is a complete charitable giving and tax information service inside the GiftLaw Web Site. With one click on the GiftLaw Pro Link, you have access to a user-friendly and very comprehensive source for answering any of your planned giving questions. GiftLaw Pro is a gift planning electronic library with over 5,000 links. Select a link and you can view any topic and take a quiz, look at related information and view the actual regulations, private letter rulings or cases. You will find GiftLaw Pro to be your primary source for planned giving information in the future! >> More

The GiftLaw Calculator is a planned gifts calculator for professionals that follows the IRS format. Click here to access and run charitable deduction calculations for the following gift plans. >> More