If adopted, the Act would make the IRA charitable rollover permanent, simplify the private foundation excise tax, and extend the deadline for claiming charitable contributions.
On May 20th, Congressman Erik Paulsen (R-MN-3) introduced H.R. 4691, a bill that would simplify the private foundation excise tax to a flat rate of 1 percent. The bill is co-sponsored by Congressman Danny Davis (D-IL-7).
April 28 — Most observers don't think the entirety of Rep. Dave Camp's (R-Mich.) Tax Reform Act of 2014 will be enacted this year—or any year soon—but practitioners are concerned that some of the provisions affecting tax-exempt organizations may...
