IRS

In this week's Washington Snapshot: Extender Negotiations Coming Down to the Wire; CRS Releases New Report on Endowments; Comments for IRS Gift Substantiation Proposal Due Soon; New Jersey Tax Challenge Heard 'Round the Country; Oregon Op-Ed Explains Why Charitable Giving Incentives are Important; and more!

In this week's Washington Snapshot: Take Action Now on Extenders; Bill Introduced to Simplify Car Donations; Comments for IRS Gift Substantiation Proposal Due Soon; Update on Financial Action Task Force (FATF); Donor Initiated Funding and the Public Support Test; Governors Order Nonprofits to Deny Services to Syrian Refugees; Domestic Philanthropy and Sustainable Development Goals; White House Briefing on Syrian Refugee Crisis; and more!

In this week's Washington Snapshot: Urge Congress to Make Charitable Tax Extenders Permanent; New PRI Bill Introduced in Senate; Ways & Means Subcommittees; Input Needed: Council Comments on IRS Gift Substantiation Proposal; FATF Seeks Comments from Nonprofits; State Budget Challenges Continue, Worsen; Community Foundation Week Highlights; DC Bar Event on Private Foundation Rules; and more!

In this week's Washington Snapshot: Don't Miss out on Community Foundation Week; News from the Hill; Regulatory News; Happening Around the Globe; Trending in Legal Affairs; Happening in the States; Philanthropy News & Op-Eds; and more!

In this week's Washington Snapshot: Community Foundation Week Starts Next Thursday; News from the Hill; Regulatory News; Trending in Legal Affairs; Happening in the States; Philanthropy News & Op-Eds; and more!

In 2012, the Department of Treasury and the IRS issued proposed regulations applicable to private foundations seeking to make grants to foreign organizations using equivalency determinations. At the time, the Council submitted comments in support of the rules, and urged Treasury and the IRS to consider making additional clarifications to the rules that apply to international grantmaking. Today, Treasury and the IRS published a final version of these rules in the Federal Register. The final regulations take up many of the issues that the Council has asked Treasury to address for years in an effort to reduce barriers to global grantmaking for foundations. We commend Treasury for finalizing these rules.