IRS Proposed Regulations
Taxes on Taxable Distributions from Donor Advised Funds (IRC §4966) The IRS released the first installment of proposed regulations in November of 2023 providing guidance on certain tax rules applying...
Information and Resources for Donors and Professional Advisors
Dec 18th 2023
“I still don’t get it”: TLC for your clients’ QCDs
Despite the Qualified Charitable Distribution’s (QCD) position as a financial media darling, mentioned in hundreds of articles every week, it’s still not an easy concept to get your head around....
Dec 18th 2023
2023 Year End Charitable Planning Reminders
Tax Benefits Charitable contribution deductions for donations to public charities are limited to 60% of AGI for cash gifts, while the limit for appreciated non-cash assets held more than one...
Dec 18th 2023
The elephant is not in the room: How to bring up giving to clients who are not doing it yet
As an advisor, many of your client conversations are quantitative—numbers of dollars for income, expenses, investments, taxes and the like. And while charitable contributions can be part of the mix,...
Dec 18th 2023
It’s that time of year: Three reminders for client’s charitable giving
December 31 is fast approaching, and that means income tax deadlines are beginning to loom large. As you work with your clients this month, try to get ahead of the...
Nov 20th 2023
Advisors and coaches: How you and the Community Foundation work together to serve your clients
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...
Oct 13th 2023
Cryptocurrency Update
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...
Sep 30th 2023
End-of-Year Bipartisan Tax Package
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...
Sep 20th 2023
Michigan Charitable Tax Credit (Senate Bills 0127, 0128)
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...
Sep 6th 2023
Tax-Exempt Organizations and Political Activities
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...
Aug 14th 2023