Recent Tax Law Changes Impacting Tax Exempt Organizations

Posted on Feb 7, 2020

Net Investment Income Tax on Private Foundations Simplified The 2020 appropriations legislation signed into law by President Trump on December 20, 2019 streamlines the excise tax most private foundations are required to pay on their net investment income. The former two-tiered regime taxed private foundations’ net investment income at a default 2% tax rate.  However, […]