The provisions of the Pension Protection Act of 2006, enacted on Aug. 17, 2006, include a package of changes related to tax-exempt entities and charitable contributions. Many of the provisions were designed to tighten perceived abuses involving tax-exempt entities and deductions for charitable contributions. A few of the new provisions, however, liberalize the charitable giving rules.

With many of these provisions already effective for 2006, and the rest coming into play this January 1, tax practitioners will want to make sure that their clients have sufficient knowledge and procedures in place to stay in compliance with the new requirements.

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