It's critical to stay current on the IRS's interpretation of the statutes and regulations prohibiting charitable organizations from engaging in certain types of political activity.
Donors
03.26.20
If volatile market conditions persist, gifts of hard-to-value assets may become popular substitutes for appreciated stock gifts. That's why we're keeping a close eye on the IRS's scrutiny of Form 8283, "Non-cash Charitable Contributions," especially now that the final regulations governing substantiation and reporting have taken effect.
03.26.20
The Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law with an effective date of January 1, 2020. The retirement legislation includes policy changes that will impact retirement plans and participants in those plans in many ways. Although some of the changes are helpful for income tax planning, many are not and may result in a larger income tax burden to a participant and his/her family. To lessen the income tax burden, there are charitable giving alternatives that may help.
03.25.20
"We’ve come to understand that – in circumstances like these – the time to act is now.”