Philanthropy

The state society's annual awards recognize local CPAs and their commitment to service, diversity and innovation.

The society honored professionals across a wide range of categories, including Women to Watch, Lifetime Achievement, Advancing Diversity and more.

Brown Schultz Sheridan & Fritz announces two annual initiatives for minority students; and Test Prep Insight opens its $1,000 student scholarship.

A donor has asked the IRS to open a fraud investigation into a nonprofit that builds schools in Africa, and for Canada’s federal police to seize its records.

A U.S. donor to Canada’s WE Charity said he has asked the Internal Revenue Service to open a fraud investigation into the organization after testifying that it took down a plaque on a Kenya school built to honor his dead son and replaced it with that of another donor.

Holders of donor-advised funds increased their disbursements last year in response to urgent demands for greater charitable contributions to cope with the COVID-19 pandemic.

U.S. prosecutors and Internal Revenue Service agents spent four years piercing the veil of secrecy that billionaire money manager Robert F. Smith wove to hide more than $200 million in income.

Meanwhile, Fulcrum Partners managing director Monte Harrick volunteers to keep his son's varsity basketball season going through COVID-`19 disruptions.

MSPC CPAs raises $18K for a local children's hospital foundation, Santa Monica firm Gumbiner Savett collects shoe donations for a local elementary school, and and the Texas Society of CPAs starts its Month of Service.

DAFs offer tax advantages, legacy planning options and flexibility that other giving vehicles can’t.

Democrats on the House Ways and Means Oversight Subcommittee want the agency to reverse the automated revocation of status for tens of thousands of nonprofits.

It may seem counterintuitive, but paying appreciably more taxes in 2020 could save families a lot of money down the road.

Depending on the economy and the election, they could be on the chopping block as soon as 2021.

Blumshapiro Foundation donates $24K to support New England food banks; and the Georgia Society 7th annual Georgia Accounting Food Fight goes virtual to end hunger.

Dozens of millionaires from the U.S. and six other countries have a message for their governments: “Tax us. Tax us. Tax us.”

The Senate and House passed bipartisan legislation to help nonprofits remain financially viable during the COVID-19 pandemic.

Nonprofits, lawmakers and others want to see more giving from fund donor-advised funds, which have grown popular recently because they’re so flexible.

The charitable partner of the Illinois CPA Society is providing 16 laptops to local accounting students who are in need of technology at home following school closures.

The Internal Revenue Service is postponing the date for filing gift tax and generation-skipping transfer tax returns and making payments until July 15 because of the novel coronavirus pandemic.

The coronavirus has made it necessary for white collar professionals to work remotely and for all to practice social distancing. Being away from the office doesn’t cancel paying it forward. Here are a few things CPAs can do.