Review the following resources:IRM 7.26.1 Introduction to Private Foundations and Special Rules under IRC §508: The Internal Revenue Manual (IRM) provisions explain private foundations. Private found

TAX 665 Module Eight Short Paper Guidelines and Rubric Explain the advantages and disadvantages of a CRUT, a CRAT, and a split -interest trust to a prospective future client who wants to incorporate charitable giving into his estate plan. Do you think these strategies are a better deal for the client (after tax savings) or for the charitabl e beneficiary? Cite appropriate statutory authority, case law, and/or AICPA Code of Conduct or ABA Model Rules of Professional Conduct to support your conclusions. Guidelines for Submission: Your paper must be submitted as a 2 –3-page Microsoft Word document with double spacing, 12 -point T imes New Roman font, one - inch margins, and at least three sources cited in APA format. Critical Elements Exemplary (100%) Proficient (90%) Needs Improvement (70%) Not Evident (0%) Value Advantages Meets “Proficient” criteria and the explanation is substantiated by the appropriate statutory authority, case law, and/or AICPA Code of Conduct or ABA Model Rules of Professional Conduct Explains the advantages of a CRUT, a CRAT, and a split - interest trust to a prospective future client who wants to incorporate charitable giving into his estate plan Explains the advantages of a CRUT, a CRAT, or a split -interest trust, but the explanation lacks detail and research Does not explain the advantages of a CRUT, a CRAT, or a split -interest trust 30 Disadvantages Meets “Proficient” criteria and the explanation is substantiated by the appropriate statutory authority, case law, and/or AICPA Code of Conduct or ABA Model Rules of Professional Conduct Explains the disadvantages of a CRUT, a CRAT, and a split - interest trust to a prospective future client who wants to incorporate charitable giving into his estate plan Explains the disadvantages of a CRUT, a CRAT, or a split -interest trust, but the explanation lacks detail and research Does not explain the disadvantages of a CRUT, a CRAT, or a split -interest trust 30 Strategies Meets “Proficient” criteria and the explanation is substantiated by the appropriate statutory authority, case law, and/or AICPA Code of Conduct or ABA Model Rules of Professional Conduct Explains whether or not the chosen strategies are a better deal for t he client (after tax savings) or for the charitable beneficiary Explains whether or not the chosen strategies are a better deal for the client (after tax savings) or for the charitable beneficiary, but the strategies are inaccurate and require more researc h Does not explain whether or not these strategies are a better deal for the client or for the charitable beneficiary 30 Articulation of Response Submission is free of errors related to citations, grammar, spelling, syntax, and organization and is presented in a professional and easy -to-read format Submission has no major errors related to citations, grammar, spelling, syntax, or organization Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas 10 Total 100%