Jeffrey Byrne in the Missouri Senate Chambers Jeffrey Byrne Continues Service to Nonprofit Health and Educational Institutions Kansas City, MO (February 4, 2016) — Jeffrey D. Byrne, President + CEO of Jeffrey Byrne + Associates, Inc., has been appointed by Governor Jay Nixon to the Missouri Health and Educational Facilities Authority (MoHEFA). Byrne will be joining the seven-member appointed Authority to…
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In September of 2015, the Internal Revenue Service (IRS) had released a highly controversial proposed rule on charitable gift substantiation. Charities choosing to participate in filing a new information return (in addition to the 990) would have filed an additional form with the IRS that included taxpayer identification numbers or social security numbers for donors who contribute $250 or more. Charities…
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In late 2015, Capitol Hill made permanent three important tax incentives for charitable giving, including the IRA charitable rollover and enhanced deductions for the donation of food inventory and land conservation easements. After years of renewal and expiration, including the most recent expiration on January 1, 2015, this permanency ends the uncertainty caused by the repeated expiration and subsequent reinstatement of…
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Three tax incentives for charitable giving are now permanent. The tax extenders package, known as the Protecting Americans from Tax Hikes (PATH) Act of 2015, includes a number of provisions, including the IRA charitable rollover and enhanced deductions for the donation of food inventory and land conservation easements. The law extends the special IRA rollover incentive for gifts completed in 2015…
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Judy Keller Executive Vice President A United State Senate Judiciary Committee recently addressed IRS oversight of partisan political activity by tax-exempt organizations. The move is recognition that the current definitions and rules governing partisan political activity are unclear. Advocacy is permissible for any 501(c)(3) and political activity is permissible for certain tax-exempt organizations, but many do not engage in…
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On December 16, the Senate approved a one-year tax extenders bill that includes the charitable IRA rollover for 2014.
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year-end gifts, 70 1/2, IRA, donors, tax, IRA rollover
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Article on NPR Regarding Proposed Changes in Charitable Deductions
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Insights for Strategic and Tax Changes for 2013
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