KPMG has made available for download there article, “Tax Proposals for Exempt Organizations in Biden Administration’s Budget for FY 2023”, which discusses two proposals related to tax-exempt organizations. The abstract is as follows:
The U.S. Treasury Department on March 28, 2022, released details of tax proposals in the administration’s budget recommendations for FY 2023 in the “Green Book.”
Read Treasury’s “Green Book” [PDF 2.45 MB] for FY 2023—General Explanations of the Administration’s Fiscal Year 2023 Revenue Proposals.
Read KPMG’s report of initial impressions of the tax proposals in the FY 2023 budget: TaxNewsFlash
Two proposals relating to charitable organizations and charitable giving were included in the Green Book.
To see the full article, click: “Tax Proposals for Exempt Organizations in Biden Administration’s Budget for FY 2023”
Posted by Mallory Wentz, Associate Editor, Wealth Strategies Journal.
Wealth Strategies Journal 