Donating to Charity?
May 14, 2020

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U.S. Supreme Court Rules against the IRS on FBAR Issue

U.S. Supreme Court Rules against the IRS on FBAR Issue

The U.S. Supreme Court recently weighed in on an issue regarding a provision of the Bank Secrecy Act (BSA) that has split two federal courts of appeal. Its 5-4 ruling in Bittner v. U.S. is welcome news for U.S. residents who “non-willfully” violate the law’s...

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Passing the Public Support Test

Passing the Public Support Test

Unless 501(c)(3) organizations prove they’re publicly supported, the IRS assumes they’re private foundations. The distinction is important, because publicly supported charities enjoy higher tax-deductible donation limits and generally are exempt from excise taxes and...

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