Big changes would require an act of Congress but lawmakers have not stepped up. And there’s been pushback against new rules the IRS has proposed for these accounts reserved for giving.
A scholar of the laws governing tax-exempt groups explains why trustees showed James O'Keefe the door and what the consequences might be if their concerns prove to be accurate.
New York, California and other high-tax states are angling to use the charitable deduction and state payroll taxes as workarounds to shield both their residents and their revenue.