The Department of the Treasury and the Internal Revenue Service issued its most recent Priority Guidance Plan Joint Statement November 4, 2022. The Plan details more than 200 priorities for the 12 month period and includes three new priorities focused on donor advised funds.
The US Department of the Treasury and the Internal Revenue Service issued its most recent Priority Guidance Plan Joint Statement (the Plan) on November 4, 2022. The Plan details more.
Charities across the country are grappling with rising demand for services stemming from the pandemic, rising inflation rates, and natural disasters such as Hurricane Ian. They are also striving to maintain service levels despite high prices of food, goods, and gas that raise operating costs.
It is rare to see anything bipartisan in Congress nowadays. This is why it bears notice that a bipartisan group of 11 members on the House Ways and Means Committee has released a “Dear Colleague” letter, challenging new legislation that could harm charitable giving.