Every year, Giving Tuesday offers a moment of pause – not to consume, but to contribute. It is a day that invites Americans to think intentionally about generosity, community, and what it means to support our neighbors beyond what government alone can provide. Americans’ instinct to give back remains one of our country’s greatest strengths.Continue reading “Generosity Fuels American Society, Tax Policy Should Encourage and Protect It”
Category Archives: Insights
Treasury Shakeups Complicate Rollout of New GOP Tax Law
Since the One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, the IRS and Treasury have faced the undertaking of implementing its new tax provisions. This effort comes amid a period of leadership transitions: several senior officials are serving in multiple key roles, and new positions have been created to supportContinue reading “Treasury Shakeups Complicate Rollout of New GOP Tax Law”
The NonProfit Times: Opportunities And Obstacles Ahead For Nonprofits With Congress
With the “One Big Beautiful Bill Act” (OBBBA) now in the rearview mirror, Congress has turned its attention to a fresh set of legislative priorities, and that shift will present novel opportunities and risks for the nonprofit sector on the government reopens. If the sector continues to apply the lessons learned during OBBBA’s crafting, itContinue reading “The NonProfit Times: Opportunities And Obstacles Ahead For Nonprofits With Congress”
Trusts & Estates: One Big, Beautiful Bill: Tax Policy Changes and the Future Policy Outlook
Sara Barba and Grant Berkshire provide an overview of the new reconciliation bill. If you’ve been reading the headlines this Summer, the reconciliation bill known as the One Big Beautiful Bill Act (OBBBA) has been dominating the conversation in Washington. Republican lawmakers are hailing the OBBBA as a historic tax cut, though the bill mostly permanently extendedContinue reading “Trusts & Estates: One Big, Beautiful Bill: Tax Policy Changes and the Future Policy Outlook”
Wealth Management: GOP Budget Bill Signals Wealth Taxes Increasingly on the Table
As Republicans debate a path forward for their sweeping budget bill, it’s become increasingly clear that the Grand Old Party is growing comfortable with targeted tax hikes. Over the past few months, President Donald Trump has repeatedly floated creating a new tax bracket for the highest earners and raising taxes on carried interest. And ifContinue reading “Wealth Management: GOP Budget Bill Signals Wealth Taxes Increasingly on the Table”
Philanthropy Won’t Be Alone Flocking to DC to Raise Concerns in GOP Tax Bill
Philanthropy was one of the main losers in the Republican tax package advanced by the Ways and Means Committee last week and set to hit the House floor soon. However, it was not the only loser, and it won’t be the only sector seeking to get in front of lawmakers in the months ahead toContinue reading “Philanthropy Won’t Be Alone Flocking to DC to Raise Concerns in GOP Tax Bill”
UBIT on Parking and Transportation at Nonprofits Rears Its Head Again
With the release of Republicans’ “One Big Beautiful Bill,” tax-exempt organizations are once again confronting a familiar and problematic provision: the expansion of Unrelated Business Taxable Income (UBI) to include parking and transportation fringe benefits – what I’ll refer to as the “parking tax.” What is the Parking Tax? Under this provision, most tax-exempt organizationsContinue reading “UBIT on Parking and Transportation at Nonprofits Rears Its Head Again “
Wealth Management: The First 100 Days of the New Congress
The 119th Congress was sworn in last Friday, marking the start of what’s expected to be a busy year. Republicans control the White House and both chambers of Congress and are mandated to get to work and do so quickly. Now, everyone’s eyes are on what lawmakers will try to tackle and what roadblocks standContinue reading “Wealth Management: The First 100 Days of the New Congress”
Wealth Management: Senate Selects New Leader, Setting Up 2025 Tax Sprint
For the first time in 17 years, and just in time for the “Super Bowl of Tax,” Senate Republicans will have a new leader in Sen. John Thune (R-S.D.). Thune won the support of his colleagues last week after Sen. Mitch McConnell (R-Ky.) stepped down from the party’s helm. It’s tough to imagine a lawmakerContinue reading “Wealth Management: Senate Selects New Leader, Setting Up 2025 Tax Sprint”
The Nonprofit Times: The Stakes In Washington For Nonprofits In 2025
Federal lawmakers have been preparing for next year’s $4.6 trillion fiscal cliff for years, and with most of the election results in, the outlook for tax policy negotiations and how they could impact the nonprofit sector is crystallizing. Congress appears poised to move quickly, which could put the nonprofit sector and its resources at risk.Continue reading “The Nonprofit Times: The Stakes In Washington For Nonprofits In 2025”