Join Annette Nellen, CPA, CGMA, Esq., as she share’s Tax Section highlights and activities from this month.
The 2017 tax act created a new 60% charitable deduction limit for cash contributions to public charities. The concept sounds great – it promotes charitable giving and allows a deduction to generous donors. However, obtaining optimal deductions will involve careful planning by donors and their advisors. The new 60% charitable deduction limit refers to a donor’s contribution base, which […]
With the passage of the Tax Cuts and Jobs Act, there is still much to be done in the way of AICPA advocacy efforts. There is an intense need for guidance related to the Act.
Catherine Murray As 2015 comes to a close, taxpayers are once again facing uncertainty as Congress has yet to act on a host of important provisions that expired at the end of 2014. Although these temporary tax provisions have been routinely extended for years, the possibility that Congress could let them remain expired or only […]