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AFP eWire February 14, 2005 |
Congressional Committee Proposes New Limits on Charitable Deductions A new report by the Joint Committee on Taxation in Congress includes proposals to limit or eliminate certain types of deductions for charitable giving.  |
AFP eWire November 21, 2005 |
U.S. Senate Passes Tax Reconciliation Bill Containing Giving Incentives and New Taxes on Certain Contributions In general, the Senate bill appears to be a mixed bag for the sector, containing a number of provisions that appear likely to boost charitable giving.  |
AFP eWire May 9, 2005 |
Legislative Update: Finance Committee Presses Forward with Reforms The Senate Finance Committee is now seeking to attach its proposed charitable reforms to completely unrelated legislation.  |
AFP eWire October 18, 2011 |
Take Action Today to Oppose Any Tax Reforms That Would Harm Charitable Giving! The Senate Finance Committee held a hearing regarding the charitable deduction and discussed alternatives to the current itemized deduction.  |
AFP eWire May 21, 2004 |
Gifts of Patents, Intellectual Property Under Congressional Microscope A provision in the JOBS (Jumpstart our Business Strength) Act, recently passed by the Senate, would limit a donor's deduction for gifts of intellectual property.  |
AFP eWire September 20, 2011 |
AFP Opposes Capping Itemized Deductions, Including Charitable, to Pay for President's Jobs Bill AFP is chairing a coalition of groups to oppose any caps that would negatively affect charities.  |
AFP eWire September 27, 2011 |
Action Alert: Charitable Deduction Will the deficit reduction super committee, composed of six House members and six Senators, consider the cap on itemized deductions?  |
AFP eWire April 18, 2005 |
U.S. House Ways and Means Committee to Hold Hearing on the Tax-Exempt Sector Following in the footsteps of the Senate Finance Committee's April 5, 2005, hearing on the charitable sector, the House Ways and Means Committee will hold a hearing titled "An Overview of the Tax-Exempt Sector."  |
AFP eWire July 24, 2006 |
IRS Releases Data on Noncash Charitable Contributions For the first time, the IRS has gathered information about noncash charitable contributions, including type of gifts, donor demographics and which organizations were most likely to receive noncash contributions.  |
AFP eWire February 28, 2014 |
Charities, Fundraisers Call New Tax Plan a "Mixed Bag"--Appreciate Simplification, Concerned About Impact on Giving The Association of Fundraising Professionals today expressed its appreciation to Rep. Dave Camp (R-Minn.) for recognizing the unique value of the charitable deduction in his new plan that seeks to simplify the tax code.  |
AFP eWire May 2, 2005 |
Passage of Major Charitable Reforms by Memorial Day? According to Capitol Hill staff, Sen. Chuck Grassley (R-Iowa), chair of the Senate Finance Committee, is seeking to have his charitable reform measures passed by Memorial Day.  |
AFP eWire March 27, 2006 |
New Non-itemizer Deduction Penalizes Donors Who Itemize The non-itemizer deduction in the Senate-passed tax reconciliation bill contains an unprecedented floor for charitable contributions that effectively taxes donors who itemize their gifts.  |
AFP eWire May 6, 2004 |
Grassley Continues Investigation of In-Kind Donations The Senate Finance Committee is planning to conduct hearings over the summer regarding charitable donations of in-kind gifts, due to donors significantly over-inflating values in order to claim larger tax deductions.  |
AFP eWire July 8, 2015 |
Senate Working Groups Highlight Charitable Giving Incentives in Tax Reform "Exploration" Charitable giving incentives, including the IRA Rollover Provision, were featured prominently in the reports of the Senate Finance Committee working groups that identified key areas for future consideration during the tax reform debate.  |
AFP eWire April 28, 2008 |
Keeping Up With Recent Tax Law Changes A recent article offers some helpful reminders for fundraisers and donors alike for navigating tax deductions for charitable gifts.  |
AFP eWire April 29, 2015 |
Canada: Federal Budget Includes Key Giving, Charity Provisions Pushed by Charities, Fundraisers AFP will be discussing provisions with Members of Parliament and calling on its members, as well as all charities across Canada, to contact their MPs to support these important philanthropic proposals.  |
AFP eWire August 11, 2008 |
IRS Shares New Proposed Rules for Charitable Gift Deductions The IRS proposed new guidelines on Thursday, Aug. 7, that define its requirements for documenting the value of cash and noncash gifts submitted as tax deductible.  |
AFP eWire April 25, 2005 |
House Ways and Means Committee Holds Hearing on the Tax-Exempt Sector The hearing examined the legal history of the tax-exempt sector, its size, scope and impact on the economy, the need for congressional oversight, IRS oversight of the sector and what the IRS is doing to improve compliance with the law.  |
AFP eWire February 4, 2015 |
Charitable Giving Coalition Letter to the President The Charitable Giving Coalition, a diverse group representing private and community foundations, supports the language included in the Buffett rule proposal in the Administration's FY 2016 Budget that specifically protects the full value of charitable deduction.  |
AFP eWire May 7, 2013 |
Taxation Committee Releases List of Reform Proposals for Charities, Philanthropy The IRA Rollover, the non-itemizer deduction and the conversion of the charitable deduction into a tax credit are just some of the proposals included in the Joint Committee on Taxation's report on the House Ways and Means Committee's Tax Reform Working Groups.  |
AFP eWire November 8, 2011 |
Take Action-- Write to Your Member of Congress Take action today to urge your Members of Congress to oppose any tax reforms that would harm charitable giving.  |
AFP eWire August 18, 2006 |
IRA Rollover Signed Into Law President Bush signed into law a pension reform bill that includes several giving incentives, including the IRA rollover provision. Fundraising strategies and plans will need to be immediately adjusted.  |
AFP eWire June 30, 2009 |
Help AFP Fight Proposals That Would Limit Charitable Deductions The White House continues to press for harmful limits on charitable deductions to fund healthcare reforms. AFP urges you to contact members of Congress immediately to oppose these measures.  |
AFP eWire December 20, 2011 |
AFP, Nonprofit Coalition Urge Congress to Preserve Charitable Tax Deduction The Association of Fundraising Professionals recently circulated a letter urging the Senate Finance Committee and the Members of Congress who were members of the Joint Select Committee on Deficit Reduction to preserve the current charitable deduction.  |
AFP eWire January 20, 2004 |
Feds Ready to Crack Down on Certain Charitable Deductions The U.S. federal government, including Congress, the Treasury Department and the Internal Revenue Service are all paying close attention to certain types of charitable deductions they believe donors are taking advantage of.  |
AFP eWire September 6, 2005 |
Charity Reform: Overview of Finance Committee Accountability Proposals This month, the committee is expected to finally introduce legislation that will cover a number of areas related to charity accountability and operations.  |
AFP eWire November 8, 2004 |
Bush, Congress at Odds Over Charities? At his first press conference since being reelected, President Bush indicated that tax reform will be a priority in his second term and stated that tax incentives for charitable giving are very important and should not reduced.  |
AFP eWire December 8, 2009 |
Decreasing Value of Charitable Deduction Would Have Negative Impact, Many Charities Say More than half of charitable fundraisers surveyed indicated their organizations would be hurt by a White House proposal to decrease the value of the charitable deduction.  |
AFP eWire May 16, 2005 |
Legislative Update: Interim Nonprofit Panel Comments Due May 19 The Panel on the Nonprofit Sector has invited the nonprofit community to comment on a new set of draft recommendations designed to strengthen the governance, transparency, and ethical conduct of charitable organizations.  |
AFP eWire December 19, 2005 |
House Passes Tax Reconciliation Bill Without Charitable Giving Incentives or Reforms The House approved H.R. 4297, the Tax Relief Extension Reconciliation Act of 2005, by a vote of 234 -- 197 without any of the charitable giving incentives found in the Senate approved companion legislation. However, there does appear to be some negotiating room for the future.  |
AFP eWire November 30, 2010 |
Proposed Deficit Reduction Measures Could Curb Charitable Giving Two organizations tasked with confronting the U.S. federal deficit have issued draft proposals to reduce the deficit.  |
AFP eWire June 21, 2004 |
House Passes Jobs Bill with New Vehicle Donation Rules The U.S. House of Representatives has approved a provision that would require donors to obtain an independent appraisal of their vehicle before donating it to charity.  |
AFP eWire June 7, 2004 |
Senate Hearings on Charities & Charitable Gifts Set for June 22 The U.S. Senate Finance Committee has announced a hearing that will focus on a number of issues related to charitable giving abuses, governance and best practices.  |
AFP eWire February 4, 2015 |
AFP Statement on President Obama's FY 2016 Budget AFP is pleased that the Obama Administration recognizes the importance of charities, and the critical part the charitable deduction plays in our society, in its FY 2016 Budget.  |
AFP eWire May 13, 2004 |
Senate Passes Jobs Act with Car Donation Amendments, No Care Act The Senate passed S. 1637, the Jumpstart Our Business Strength (JOBS) Act, which includes provisions to crackdown on individuals who take over-inflated deductions for charitable gifts of vehicles.  |
AFP eWire March 5, 2014 |
Limiting Charitable Deductions Is Not The Way to Position U.S. for the 21st Century A budget proposal that would cap all itemized deductions -- including the charitable deduction -- at 28 percent for certain taxpayers would hurt charities' ability to help our citizens prepare for the 21 st century.  |
Commercial Investment Real Estate Jan/Feb 2013 Mary Stark Hood |
Real Estate Gifting Realized: Outright Donations and Bequests This second article in a series on real estate gifting issues covers outright donations, various requirements for a donation to be tax deductible, and bequests.  |
AFP eWire October 17, 2005 |
President Signs Katrina Giving Measures The president has signed into law new charitable giving provisions as part of a Hurricane Katrina tax package designed to encourage giving both to relief organizations and charities overall.  |
AFP eWire July 26, 2004 |
AFP to Congress: Prohibit Percentage-Based Compensation One of the most important steps Congress can take in increasing public confidence in charities is to outlaw percentage-based compensation, AFP President and CEO Paulette V. Maehara, told U.S. Senate Finance Chairman Charles Grassley and key committee staff members at a roundtable on charity regulation.  |
AFP eWire September 26, 2005 |
Powerful Giving Incentive in Katrina Relief Legislation Congress has passed a Hurricane Katrina tax relief bill that does not include the IRA Rollover provision, but does contain a new incentive that could encourage additional giving.  |
AFP eWire January 31, 2005 |
Care Act Included in "Top Ten" Priorities for 109th Congress The Charity Aid, Recovery and Empowerment (CARE) Act has been introduced this year as part of Senate Bill 6 (S. 6), which is one of the top ten legislative priorities for the 109th Congress over the next two years.  |
AFP eWire July 6, 2004 |
IRS Issues Guides on Vehicle Donations The Internal Revenue Service (IRS) has released two new publications to help donors and charities avoid confusion with respect to donations of vehicles.  |
AFP eWire April 22, 2015 |
AFP Submits Comments to Senate on Tax Reform, Charitable Incentives Comments were offered to the Individual Income Tax and Business Income Tax Working Groups of the Senate Finance Committee, calling on the Senate to keep the charitable deduction in its current form.  |
AFP eWire May 22, 2012 Jason Lee |
AFP Offers Tax Incentive Recommendations to Finance Committee Andrea McManus recently testified before the House of Commons Standing Committee on Finance during its hearing on tax incentives for charitable donations.  |
AFP eWire April 11, 2005 |
Senate Finance Committee Holds Hearing on Charitable Reforms The April 5, 2005 hearing addressed proposals designed to curb abuses involving tax-exempt organizations.  |
The Motley Fool October 31, 2007 Dan Caplinger |
It's Time to Give Charitable organizations make a big push for donations at the end of each year, wanting to capitalize on the time left for donors to make tax-deductible gifts. Here are a few pointers on managing your charitable giving.  |
Commercial Investment Real Estate Sep/Oct 2013 Mark Lee Levine |
Deduction Denied Good intentions do not replace a qualified appraisal. Recently the U.S. Tax Court determined that a taxpayer and his spouse, after making almost $20 million worth of charitable real estate gifts to qualified charitable recipients, could not take the $18.5 million tax deduction for the gifts.  |
AFP eWire April 28, 2008 |
IRA Rollover Provision Introduced by Key Senators The chair and ranking member of the Senate Finance Committee have introduced comprehensive tax legislation that includes an extension of the IRA Rollover provision until Dec. 31, 2009.  |
AFP eWire August 11, 2015 |
AFP News Release: Clinton College Plan Damaging to Philanthropy Presidential candidate Hillary Clinton's college tuition plan would limit the value of the charitable deduction for gifts made by certain taxpayers.  |
AFP eWire May 19, 2009 |
Obama Administration Continues to Push Proposal to Limit Charitable Deduction for the Wealthy The Obama Administration indicates it is interested in using the limitation on charitable deductions to help foot the bill for reforms.  |