+Minnesota cuts taxpayers a break on 2018 deductions
The Revenue Department's decision is welcome news to charities, said Taylor Putz, a public policy advocate at the Minnesota Council of Nonprofits.
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+IRS Has Plan to Shut Down SALT Workarounds
Much is at stake, said David L. Thompson of the National Council of Nonprofits, adding that several arguments need to be addressed during the public comment period.
+Nonprofits Respond to Release of Proposed Rules on SALT Workarounds
On the Treasury Department’s release of proposed rules regarding the so-called SALT workarounds, David L. Thompson, Vice President of Public Policy for the National Council of Nonprofits, said:
+Guidance on UBTI Allocations Allows ‘Good Faith’ Interpretations
David L.
+Unrelated Business Tax Regs May Bring Nonprofits Headaches
David L. Thompson, vice president of public policy for the National Council of Nonprofits, told Law360 the regulations were a good start because they do reduce some of the stress, but they are not perfect.
+The unintended target of tax reform: Churches now face 21% penalty
“I’d say the churches have every right to be outraged,” said David L. Thompson, vice president of public policy for the National Council of Nonprofits. “It’s an oxymoron. It’s horrendously unfair.”
+Paulsen Floats Plan for Pretax Charitable Giving Accounts
The Paulsen bill demonstrates bipartisan recognition that the TCJA reduces tax incentives for charitable giving and that more incentives are needed, according to David L. Thompson of the National Council of Nonprofits.
+New tax levied in GOP overhaul draws laments from churches, other nonprofits
Others are likewise mystified by that aspect of the new provision, prompting the National Council of Nonprofits and many other groups to — so far unsuccessfully — implore the IRS for clarity or any other guidance on how to even begin calculating...
+Bill to Repeal UBIT Rule Wins Support From Charity Groups
“The Walker bill recognizes the fallacy of taxing tax-exempts for the mistaken goal of creating ‘parity’ with for-profit businesses and reiterates the point that these new taxes on nonprofit transportation and other benefits are inappropriate and...
+UBIT Coalition Pushing for Delay on Fringe Benefits Provision
“The only thing that is clear about the new taxes on tax-exempt organizations is that no one understands them—not nonprofits, houses of worship, accountants, lawyers, or tax advisors,” said David L.
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