Work with the Community Foundation to support your clients’ charitable giving. As an attorney, accountant, or financial advisor, you’re a key part of every client’s multifaceted team that helps with...
The Senate Finance Committee released a request for information over the summer asking the public for its thoughts on a variety of topics surrounding digital assets and how things such...
Last week, House GOP Ways and Means Committee Chair Jason Smith (R-Mo.) conveyed his optimism on the prospect of a year-end tax package. Richard Neal (D-Mass.) suggested the impeachment inquiry...
The Michigan State Legislature introduced the Michigan Charitable Tax Credit in early March. If reinstated, it would incentivize families of all income levels to give charitable donations to endowed funds...
House Republicans have recently requested information on how tax-exempt organizations may be engaging in political activities. This may indicate a broader congressional probe and perhaps long-awaited updated IRS guidance on...
In a recent letter to the IRS, Senators John Thune (R-S.D.) and Ben Cardin (D-Md.), who introduced the Athlete Opportunity and Taxpayer Integrity Act last year, want formal guidance that...
While William Shakespeare and the IRS may not appear to have much in common, delayed timing resulted in a lost charitable income tax deduction and a hefty capital gains tax...
The team at the Community Foundation for Southeast Michigan fields questions from attorneys, accountants, and financial advisors about diversity, equity and inclusion issues related specifically to philanthropy. We appreciate your...
You and other attorneys, accountants, and financial advisors who work with charitably-inclined individuals and families are familiar with the basics of donor-advised funds and private foundations. Still, it can be...
The New Hampshire Supreme Court recently ruled that Dartmouth College can repurpose money a deceased alumnus left for the sole purpose of maintaining the school’s golf course to support other...