Coming to Grips With the New Charitable Gift Substantiation Regs

In the summer of 2018, the Internal Revenue Service issued final regulations on charitable gift substantiation (the new regs). The new regs are generally effective as of July 30, 2018, although as discussed below, there’s a delayed effective date for Treasury Regulations Section 1.170A-17, dealing with qualified appraisals and appraisers.¹