On July 4, President Trump signed into law the One Big Beautiful Bill Act (Bill), which was approved by the Senate and House earlier in the week. The 870 page-bill covers nearly every sector of the American economy, and...more
7/10/2025
/ Business Taxes ,
Energy Tax Incentives ,
Estate Planning ,
Estate Tax ,
Exempt Organizations ,
Federal Budget ,
Income Taxes ,
International Tax Issues ,
New Legislation ,
One Big Beautiful Bill Act ,
Qualified Business Income ,
Tax Credits ,
Tax Reform ,
Trump Administration
For charities, the Tax Cuts and Jobs Act enacted in December 2017 has sparked soul searching and creative solutions as concerns grow about giving challenges. ...more
6/26/2018
/ Charitable Donations ,
Charitable Organizations ,
Estate Tax ,
Gift Tax ,
Income Taxes ,
New Legislation ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Planning ,
Tax Rates ,
Tax Reform
The Tax Cuts and Jobs Act of 2017 makes substantial changes to the income taxes of individuals.
The Act's individual changes noted in the attached chart generally expire on January 1, 2026, and the speculation will...more
1/9/2018
/ 529 Plans ,
Alimony ,
Alternative Minimum Tax ,
Business Taxes ,
Charitable Donations ,
Compensation & Benefits ,
Employee Benefits ,
Income Taxes ,
IRA Rollovers ,
New Legislation ,
Retirement Plan ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Deferral ,
Tax Exemptions ,
Tax Rates ,
Tax Reform ,
Trump Administration
Charitable organizations no doubt have questions following the passage of the Tax Cut and Job Changes Act. Many are rightly concerned about the impact of the increased estate tax exemption amounts, the expanded standard...more
12/29/2017
/ 501(c)(3) ,
Charitable Donations ,
Excise Tax ,
Income Taxes ,
New Legislation ,
Tax Cuts ,
Tax Deductions ,
Tax Rates ,
Tax Reform ,
Trump Administration ,
UBIT
On July 5, 2017, Missouri Gov. Eric Greitens signed into law an amendment to the sales and use tax law that removes usual and customary delivery charges that are separately stated from the amounts subject to Missouri sales...more
The Protecting Americans from Tax Hikes Act of 2015, also known as the PATH Act, was enacted by Congress at the end of 2015. Below are the highlights from that legislation.
TAX EXTENDERS -
Tax extenders are...more