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The flow of money from private foundations to donor-advised funds has jumped substantially in recent years, highlighting the increasing use of a controversial loophole in charitable law, a new audit shows.
October 28
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Becker CPA joined Hancock Askew; Watkins, Ward and Stafford combined with Kemp, Williams, Steverson and Bernard; and BSSF Wealth merged with Lighthouse Wealth.
October 26
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A lucrative deduction for luxury vehicles used at least half the time for business will start tapering come 2023.
October 25
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A recent survey by PwC showed that 71% of institutional investors want stronger regulatory requirements to guide the actions of the fund management industry.
October 18
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Beneficiaries won't get hit with a 50% penalty for not making withdrawals in 2021 and 2022 — an unexpected move by the IRS. But questions still remain.
October 10
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The Internal Revenue Service's streamlined application process for tax-exempt status could be allowing corrupt charities to claim exemptions before the IRS has enough information.
October 6
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The Georgia Society of CPAs and Feeding Georgia's ninth annual Georgia Accounting Food Fight raised $372,907 this year, which represents over 1.4 million meals
October 6
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The New Jersey Society of CPAs has launched its thirteenth annual food drive to benefit the Community FoodBank of New Jersey
October 6
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New rules on "portability" mean that a surviving spouse can lock in her deceased partner's exclusion years after exemption levels decrease come 2026.
October 4
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Private foundations are using donor-advised funds to sidestep federal laws designed to make sure the wealthy donate money to the needy in a timely fashion, not defer the gifts for generations.
October 3
