For charities, the Tax Cuts and Jobs Act enacted in December 2017 has sparked soul searching and creative solutions as concerns grow about giving challenges. ...more
6/26/2018
/ Charitable Donations ,
Charitable Organizations ,
Estate Tax ,
Gift Tax ,
Income Taxes ,
New Legislation ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Planning ,
Tax Rates ,
Tax Reform
The Tax Cuts and Jobs Act of 2017 makes substantial changes to the income taxes of individuals.
The Act's individual changes noted in the attached chart generally expire on January 1, 2026, and the speculation will...more
1/9/2018
/ 529 Plans ,
Alimony ,
Alternative Minimum Tax ,
Business Taxes ,
Charitable Donations ,
Compensation & Benefits ,
Employee Benefits ,
Income Taxes ,
IRA Rollovers ,
New Legislation ,
Retirement Plan ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Deferral ,
Tax Exemptions ,
Tax Rates ,
Tax Reform ,
Trump Administration
Charitable organizations no doubt have questions following the passage of the Tax Cut and Job Changes Act. Many are rightly concerned about the impact of the increased estate tax exemption amounts, the expanded standard...more
12/29/2017
/ 501(c)(3) ,
Charitable Donations ,
Excise Tax ,
Income Taxes ,
New Legislation ,
Tax Cuts ,
Tax Deductions ,
Tax Rates ,
Tax Reform ,
Trump Administration ,
UBIT
The saga of Kansas income tax law changes concluded earlier this week when Kansas lawmakers overrode Gov. Sam Brownback's veto of a bill that dismantled the governor's signature tax cuts. With the state facing an estimated...more
6/14/2017
/ Charitable Donations ,
Exemptions ,
Governor Vetoes ,
Income Taxes ,
Limited Liability Company (LLC) ,
Medical Expenses ,
S-Corporation ,
Tax Cuts ,
Tax Deductions ,
Tax Increases ,
Tax Rates
Booster clubs have long been used as fundraising arms for affiliated sports organizations. Establishing a booster club as a 501(c)(3) public charity provides the added benefit of enabling contributors to booster clubs to...more