+Good news, bad news
David Thompson of the National Council of Nonprofits told Morning Tax that the group was told that the hearing was canceled, but that it was going to try to look at that as good news.
+
+Charitable Gifts Slip in First Year Under New Tax Law
“We think that we’re really lagging behind when we’re really going to see the impact in 2019,” said Kristen Merrifield, CEO of the Alliance of Arizona Nonprofits, who said some charities in the state are already shrinking their programs or...
+Final IRS Rules Leave States Few Options for Evading the SALT Cap
This week, the IRS closed the charitable deduction loophole -- and did so in a way that charities say will have a far-reaching impact.
+‘Something to Upset Everyone’ in IRS’s Final SALT Cap Regs
Reaction to the IRS’s final regulations on charitable contributions and state and local tax credits is ricocheting from one extreme to another, with the only common ground seeming to be that nearly everyone is grumbling.
+Treasury issues final rules to block blue-state workarounds to SALT deduction cap
David L. Thompson, vice president of public policy for the National Council of Nonprofits, said that “wherever you are in the country or on the political spectrum, there is something to upset everyone in the IRS rule released today.”
+#NonprofitTaxDay Comes & Goes & Nonprofits Pay
#NonprofitTaxDay came and went on May 15, with the National Council of Nonprofitsand other advocacy organizations trying to garner attention on the new...
+Local nonprofits feel the impact of federal tax changes
While the economy is booming, some nonprofits are seeing a downturn in donations — a worrisome trend.
+Tax Change Transforms Charitable Giving Landscape
“We are hearing from a lot of nonprofits that donors are bunching gifts through a donor-advised fund, where they can get the tax benefit while contributing,” says Jim White, executive director of the ...
+Dire predictions that Trump’s new tax law would cost charities billions of dollars haven’t come true — yet
However, the increase in giving isn’t all good news. Much of the uptick was concentrated among wealthier donors giving to wealthier institutions.
+New Tax Could Hit Many Nonprofits Paying $1 Million-Plus Employees
David Thompson, vice president for public policy at the National Council of Nonprofits, said he feared the new rules could have a chilling effect on nonprofit mergers and discourage talented workers from jumping into the nonprofit world.
Pages
