New Tax Deal Lowers Estate Tax and Extends IRA Charity Break - Tax Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

New Tax Deal Lowers Estate Tax and Extends IRA Charity Break - Tax Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "Congress has approved a new tax deal that would lower estate-tax rates from 2009 levels and extend a benefit for older donors who tap their individual retirement accounts to make charitable donations.

President Obama, who brokered the deal with Republican lawmakers, is expected to sign the bill into law today."

Exempt Organization Update | Planned Giving Design Center

Exempt Organization Update | Planned Giving Design Center: "he IRS today released Exempt Organization Update for December 15, 2010. The update includes: Exempt Organizations Releases FY 2011 Implementing Guidelines; Leadership Changes in Exempt Organizations; Priority Guidance Plan for 2010-11 Announced; Follow the IRS on Twitter; Tax Preparers: Register for PTINs Now; Proposed Regulations Would Reduce Enrolled Agent Fees; and Electronic Funds Transfer of Depository Taxes."

Draft house-to-house collections code gives too much power to local authorities, says PFRA - Civil Society - Fundraising - News - providing news and in-depth coverage of charities, voluntary organisations and not-for-profits

Draft house-to-house collections code gives too much power to local authorities, says PFRA - Civil Society - Fundraising - News - providing news and in-depth coverage of charities, voluntary organisations and not-for-profits: "The PFRA warns in its briefing that the impact of such guidance from NALEO could have wider impact than on just house-to-house clothing collections. “By seeking to address the issue via statute rather than voluntary self-regulation/best practice (the Code), NALEO and licensing authorities are in danger of seriously damaging the house-to-house solicitation of direct debits,” the briefing paper reads."

Raffles could get OK of state - Local - TheSunNews.com

Raffles could get OK of state - Local - TheSunNews.com: "COLUMBIA -- A bill to legalize charitable raffles and casual gambling is moving forward in the Senate, but senators caution that doesn't mean they are opening the door to professional gambling.

'It is not bringing organized gambling to South Carolina,' Senate President Pro Tempore Glenn McConnell said. 'It isn't opening up casinos. It's allowing charities to do what they are already doing and to prevent selective enforcement of the law in South Carolina.'"

Nonprofits Fear Loss of Charitable Tax Deduction - NYTimes.com

Nonprofits Fear Loss of Charitable Tax Deduction - NYTimes.com: "“The administration’s proposal went nowhere, but Pandora’s box was cracked open then,” said Diana Aviv, president of the Independent Sector, a trade group for nonprofits.

Charities warn that reducing or eliminating the deduction will cause irreparable damage to the nonprofit sector. They said the proposed changes came at a time of sustained and severe declines in donations because of the recession and cuts in government contracts for nonprofits. The charities also noted an increased demand for services."

The Podium

The Podium: "The Podium
November 29, 2010

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This week's Podium comes to us from the Association of Fundraising Professionals (AFP).

How would a government-imposed salary cap on your own compensation affect you? Would it affect your performance? What sort of message would it send to you, your organization and those who support your organization if that cap were imposed upon every employee’s compensation? How would it affect your own hiring practices and your pools of potential hires? How would you feel if the cap were imposed even though a separate existing government entity was already regulating your organization and its compensation practices?"

The Nonprofit Quarterly | @npquarterly | PILOTs in the Recession

The Nonprofit Quarterly | @npquarterly | PILOTs in the Recession: "The Lincoln Institute of Land Policy has just produced the definitive study of Payments in Lieu of Taxes (PILOTs) that are slapped on tax exempt nonprofits to help pay for municipal services. The report documents PILOTs in 117 municipalities in 18 states. The researchers say that Boston's pilot program is among the nation's most 'revenue productive.'"