Tag Archives: PATH Act

The Three Most Important Provisions for S Corporations Under PATH Act

By Ashley Thompson on January 21, 2016 Posted in Tax

It has become a tradition that at the end of each year, Congress passes legislation to extend previous legislation. In late 2015, Congress passed Public Law 114-113, which contains the Protecting Americans from Tax Hikes Act (“PATH”). PATH’s benefits to donors and charities were detailed in a previous post, which is available here: Donors and … Continue Reading

Donors and Charities Benefit Under New Tax Legislation

By Edward Beckwith and William J. Culbertson on December 31, 2015 Posted in Tax

While most provisions of the Internal Revenue Code (“Code”) do not automatically expire, there are dozens that do. Included among the expiring provisions have been several intended to enhance charitable giving. Each has been hostage to the late-year legislative ritual of frequent short-term extensions, which has created significant uncertainty for donors, charities, and their advisors. … Continue Reading