Expanded Tax Benefits for Giving to Charity, 2020 Forms 990-T and 4720 Revisions and Other News | Bryan Cave Leighton Paisner
Year-end reminder: Expanded tax benefits help individuals and businesses give to charity during 2020 The IRS today explained how expanded tax benefits can help both individuals and businesses give to charity before the end of this year. The Coronavirus Aid, Relief and Economic Security (CARES) Act, enacted last spring, includes four temporary tax changes that are designed to help people and businesses who give to charity this year. Here is a rundown of these key changes. Update on Mandatory E-Filing in 2021 The Taxpayer First Act, enacted July 1, 2019, requires tax-exempt organizations to ele...
Source: jdsupra.com