by Dave Moja | Dec 4, 2019 | Tax Tips |
ISSUE Savvy institutions are taking advantage of “IRA Charitable Rollovers.” Your donors over 70 ½ years old may give through their IRA accounts using all or part of their annual required minimum distribution – potentially killing two birds with one stone. With that...
by Dave Moja | Oct 9, 2019 | Tax Tips |
ISSUE Historically, exempt organizations have been able to deduct charitable contributions (subject to limits) on Form 990-T, Part II, Line 20. This left a question with regard to this deduction and the “Parking Tax.” With the release of the draft 2019 Form 990-T,...
by Dave Moja | Aug 28, 2019 | Tax Tips |
ISSUE The Legacy IRA Act of 2019 (H.R. 3832) – currently in the U.S. House of Representatives – could make IRA Charitable Rollovers even more attractive to your school’s donors. SITUATION Saltwater Christian College (SCC) is a private college exempt under...
