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This document outlines the provisions under the American Taxpayer Relief Act of 2012 that allow individuals aged 70 ½ or older to make direct charitable donations from their IRAs to Concordia Seminary
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How to fill out Concordia Seminary Summary of the IRA Charitable Rollover Provision

01
Obtain the Concordia Seminary Summary document from their website or office.
02
Read through the summary to understand the IRA Charitable Rollover Provision.
03
Gather necessary personal information such as your name, IRA account details, and tax identification numbers.
04
Fill in your personal information in the designated fields of the document.
05
Indicate the desired amount you wish to rollover from your IRA to Concordia Seminary.
06
Sign and date the document to confirm your intent to make the rollover.
07
Submit the completed form to Concordia Seminary along with any required supporting documents.

Who needs Concordia Seminary Summary of the IRA Charitable Rollover Provision?

01
Individuals over the age of 70½ who have an IRA and wish to make charitable donations without incurring income tax.
02
Donors looking for tax-efficient ways to support Concordia Seminary.
03
Philanthropists interested in using their IRA funds to contribute to educational institutions.
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The Concordia Seminary Summary of the IRA Charitable Rollover Provision outlines the regulations and guidelines that allow individuals aged 70½ and older to make tax-free charitable donations directly from their Individual Retirement Accounts (IRAs) to qualified nonprofit organizations like Concordia Seminary.
Individuals aged 70½ and older wishing to take advantage of the IRA Charitable Rollover Provision must follow the summary's guidelines for direct transfers to Concordia Seminary or similar charities.
To fill out the summary, individuals must provide their personal information, including name and address, the amount they wish to donate from their IRA, the recipient charity's details, and ensure proper signatures where required.
The purpose of the summary is to inform and guide individuals on how to effectively utilize the IRA Charitable Rollover provision to support Concordia Seminary while benefiting from tax advantages.
The report must include donor information, the amount transferred, details about the IRA custodian or administrator, confirmation of the charity's eligibility, and proper documentation of the transaction.
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