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.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access