Tuesday, November 6, 2007

Concerns may foil a tax break eyed by donor-advised funds

"A movement to include donor-advised funds in charitable IRA rollovers may stall due to concerns at the IRS and among members of Congress.

According to the Internal Revenue Service, which is working on a report about the funds for Congress, it has seen problems at some smaller organizations that are using donor-advised funds as tax loopholes. The IRS said it hasn't seen that problem at the large financial institutions that sponsor the funds, however."

Read more of this 11.06.07 article by Sara Hansard from Investment News.

No comments:

Post a Comment