BLS Insights

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Month: December 2019

Are Qualified Charitable Distributions an Underused Tax Planning Tool?

December 11, 2019

Although Congress incentivizes individuals to save for retirement by allowing various tax-free savings vehicles, they do eventually require taxpayers to dig into their nest eggs. When taxpayers reach age 70 ½ they must withdraw at least a specified minimum amount of funds from their retirement accounts each year. These required minimum distributions (RMDs) are generally … Continued

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Tax Exempt & Government Entities Fiscal Year 2020 Compliance Program

December 10, 2019

In October of 2019 the IRS Tax Exempt & Government Entities (TE/GE) division issued its Fiscal Year 2020 Program Letter. The Program Letter discusses the TE/GE’s priorities and key areas of focus for the upcoming year. It is also meant to aid in TE/GE’s mission of providing their customers (you!) top quality service by helping … Continued

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