Under § 170(c) of the Internal Revenue Code of 1986 as amended (the “Code”), a U.S. taxpayer may only claim a deduction on his or her federal income tax return for contributions made to 501(c)(3) charitable organizations...more
3/22/2021
/ 501(c)(3) ,
Best Practices ,
Charitable Organizations ,
Federal Taxes ,
Foreign Charities ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Private Foundations ,
Public Charities ,
Tax Deductions ,
Tax Exemptions ,
Tax Returns
On December 27, 2020, “The Consolidated Appropriations Act of 2021” (H.R. 133) (the “CAA”) was signed into law by the President. The CAA includes various updates to, and additional funding for, programs established under the...more
1/15/2021
/ 501(c)(3) ,
CARES Act ,
Charitable Deductions ,
Charitable Donations ,
Charitable Organizations ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Federal Grants ,
Financial Aid ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Tax Deductions ,
Tax Exempt Entities