Donations of Closely-Held Stock Prior to a Change In Control – The Key to a Double Tax Benefit Is Careful Planning

When structured carefully, a donor can obtain a double tax benefit from the donation of appreciated closely-held stock to a…

Donors Denied Millions in Charitable Deductions for Failure to Meet Substantiation Requirements

Two recent cases have come down from the Tax Court denying taxpayers deductions for their charitable donations – again emphasizing…

In keeping with the IRS’s previous rulings in the area of cryptocurrency, the IRS issued Office of Chief Counsel Memorandum…

Colorado Gives Day, an initiative to increase philanthropy in Colorado through online giving, is here again. Since 2007 the Community…

A newly released report shows that the current cap on deducting state and local taxes appears to be reducing charitable…

President Biden has proposed in his fiscal year 2023 budget to clamp down on the ability of private foundations to…

In light of the recent disasters across the Midwest, the IRS, Independent Sector and the National Council of Nonprofits issued…

Tuesday December 7th is Colorado Gives Day, an initiative to increase philanthropy in Colorado through online giving. Since the initiative…

The Supreme Court in Americans for Prosperity v. Bonita struck down a California law that required nonprofits registered in the…

Last week, the Everyday Philanthropist Act that provides for the creation of “Flexible Giving Accounts” was reintroduced to the House…