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”
Category Archives: Insights
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”
Wealth Management: What’s Top of Mind for Congressional Tax Writers Heading Into 2025?
A tax brawl is brewing, and policymakers have been engaged in sparring sessions ahead of next year’s $4.6 trillion fiscal cliff. Lately, much of the focus has been on presidential candidates’ tax proposals, which are aimed at winning votes in November. Congressional lawmakers certainly take cues from the heads of their parties, but presidents don’tContinue reading “Wealth Management: What’s Top of Mind for Congressional Tax Writers Heading Into 2025?”
Missing From the Debate – A Plan to Address the Looming Tax Cliff
On Tuesday night, Vice President Kamala Harris and former President Donald Trump debated for the first – and likely only – time ahead of the election. It was a raucous back and forth that covered a lot of ground without going too deep on any one topic. I had hoped to focus this blog onContinue reading “Missing From the Debate – A Plan to Address the Looming Tax Cliff”
Next Year Brings Tremendous Opportunity for Nonprofits
In 2025, lawmakers will be laser-focused on tax policy. Nonprofits ought to consider what policies will be in play and where they can lend their expertise. All eyes in the tax policy world have already turned to next year and for good reason. Large pieces of the 2017 tax reform package are set to expireContinue reading “Next Year Brings Tremendous Opportunity for Nonprofits”
Chevron is Dead – Navigating a New Washington
Recent Supreme Court rulings diminishing the power of federal agencies are expected to change how Washington operates and the role of stakeholders and subject matter experts in the legislative process. In June, the Supreme Court overturned the Chevron doctrine in the Loper Bright Enterprises v. Raimondo ruling. Chevron, which had been legal precedent for 40Continue reading “Chevron is Dead – Navigating a New Washington”
Upending the Great Wealth Transfer
Our government has a money problem the Great Wealth Transfer could fix. Over the next twenty years, more than $86 trillion will be transferred to spouses and next generations through the “Great Wealth Transfer” (GWT). The GWT is the most significant transfer of wealth to date and studies indicate that women will be the primaryContinue reading “Upending the Great Wealth Transfer”