We’ve all heard about the somewhat less-than-positive impact that the Tax Cuts and Jobs Act of 2017 is expected to have on charitable giving. There appears to be little doubt that the significant increases in the standard deduction and the estate and gift tax exemptions will have some effect. Most charities remain optimistic because they believe their donors’ decisions to… Read Complete Article...

The IRS released Notice 1036 on January 11 to update the income-tax withholding tables for 2018, after passage of the tax reform legislation under the Tax Cuts and Jobs Act (the Act). The new withholding tables are needed to reflect the changes in tax rates and tax brackets, increased standard deduction and repeal of personal exemptions that were included in… Read Complete Article...