Will you know what to do when a client calls with “good news, good news, bad news?” The first good news is that he is about to experience a liquidity event such as an initial public offering (IPO) or buy-out. The other good news is that he wants to share the gain with charity. The bad news is that the liquidity event is next week. The client asks, “Can I still make a donation?” meaning, “Can I make a donation and avoid getting taxed on the donated stock's gain?” In technical terms, his
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