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Werner: Private Foundations Under the Microscope | Quick Tax Tip
Manage episode 500107789 series 2907093
Progressive tax changes could reshape the charitable giving landscape.
Quick Tax Tip
With Art Werner
CPE Today
Private foundations may soon find themselves writing bigger checks to the IRS. In the latest Quick Tax Tip podcast, tax expert Art Werner explains a key provision of the OBBBA that increases the tax rate on net investment income for certain private foundations under section 4940(a).
- Click here for more Art Werner
- Catch more Art Werner, Wednesday, Sept. 3, for Tax Rumors, Episode 3, with CPA Steve Yoss, and hosted by CPA Trendlines’ Rick Telberg.
“It’s a progressive tax now for the larger foundations,” Werner says, noting that while many foundations are set up for truly noble purposes—think the Red Cross or the Boy Scouts—the government is tightening the rules to ensure fairness and accountability.
468 episodes
Manage episode 500107789 series 2907093
Progressive tax changes could reshape the charitable giving landscape.
Quick Tax Tip
With Art Werner
CPE Today
Private foundations may soon find themselves writing bigger checks to the IRS. In the latest Quick Tax Tip podcast, tax expert Art Werner explains a key provision of the OBBBA that increases the tax rate on net investment income for certain private foundations under section 4940(a).
- Click here for more Art Werner
- Catch more Art Werner, Wednesday, Sept. 3, for Tax Rumors, Episode 3, with CPA Steve Yoss, and hosted by CPA Trendlines’ Rick Telberg.
“It’s a progressive tax now for the larger foundations,” Werner says, noting that while many foundations are set up for truly noble purposes—think the Red Cross or the Boy Scouts—the government is tightening the rules to ensure fairness and accountability.
468 episodes
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