Partner Alexander Reid was a panelist for an ALI-CLE webinar titled “Stay Compliant: Key IRS and Treasury Initiatives Affecting Tax Exempt Organization” on July 18, 2024. The webinar highlighted important changes and new agency initiatives of which all tax-exempt organizations should be aware as they close out 2024 and plan for 2025.
Topics included:
- Important regulatory guidance
- Employe Retention Credit happenings
- Inflation Reduction Act guidance
- Rev. Proc. 2024-5, Rev. Proc. 2024-22 and Revenue Ruling 2024-10
- Noteworthy litigation and rulings
- Biden’s budget proposal and EO activities
- Pending legislation impacting universities, charitable deductions and Safeguarding Charity Act § 3604