(iii) the taxpayer receives through the donee a written assertion symbolizing that its use and disposition of the property are going to be in accordance with the provisions of clauses (i) and (ii); andshall be allowed to the extent which the combination of this sort of contributions doesn't exceed fifty percent with the taxpayer’s contribution fo… Read More

(iii) ReportingAny Firm on which tax is imposed by clause (i) with respect to any premium shall file an yearly return which incorporates—(I) the amount of these premiums paid out during the yr along with the name and TIN of each beneficiary beneath the deal to which the premium relates, and(II) this sort of other information as being the Secretar… Read More