Private foundations may now own philanthropic businesses whose profits are dedicated to charity without the prohibitive excess business holdings tax. Newman’s Own Foundation was the proponent of recent legislation that allows...more
Tips on setting up a pooled fund of employee leave by giving employees the option of donating leave that can be converted into cash contributions to charities assisting the victims of Hurricane Harvey....more
A variety of tax-favored vehicles exist for employers and their employees to donate cash or even accrued leave to assist those impacted by Hurricane Harvey’s devastation....more
Type III supporting organizations should take steps to comply with new regulations and funders should review due diligence procedures for grants made to these organizations.
On December 21, 2012, the Internal Revenue...more
From tax rates and tax extenders to the revival of the Pease limitation, the act includes a host of provisions affecting tax-exempt organizations....more
1/7/2013
/ Alternative Minimum Tax ,
American Taxpayer Relief Act ,
Charitable Donations ,
Estate Tax ,
Fiscal Cliff ,
Gift-Tax Exemption ,
Income Taxes ,
Individual Retirement Account (IRA) ,
Pease Limitation ,
Portability ,
Tax Extensions