The Tax Cuts and Jobs Act, known officially as H.R. 1, (The Act) represents a dramatic overhaul of the U.S. tax code, and includes widespread changes to the tax rules affecting charitable nonprofits. AAFCPAs’ Joshua England, JD, LLM, Trust, Estate, Tax and Nonprofit Attorney provides an overview of how The Act impacts nonprofits, including guidance on operational changes nonprofits may need to make right away. Josh also provides insight on how The Act has changed the tax benefits donors may receive from making a charitable contribution so nonprofits may better anticipate how private donations could be impacted.
Watch this video clip (1 min 42 sec) for a summary; and then download the full audio of the session recorded April 26, 2018 at AAFCPAs’ Annual Nonprofit Educational Seminar.