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...
Information and Resources for Donors and Professional Advisors
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
Senators Push IRS for Formal Guidance on NIL Tax-Exempt Status
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...
Jul 31st 2023
“Better three hours too soon than a minute too late.”
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...
Jul 25th 2023
Expanding philanthropy to an increasingly diverse community
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...
Jul 25th 2023
Similar, but not the same: Donor-advised funds and private foundations
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...
Jul 25th 2023