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USA - January 11 2013
On January 2, 2013, President Obama signed into law the American Taxpayer Relief Act of 2012 (the "Act"), commonly known as the "fiscal cliff"…
USA - November 21 2012
On November 19, the Treasury Department and the Internal Revenue Service released their 2012-2013 Priority Guidance Plan, which lists the 317 guidance projects that will be priorities for the allocation of resources during the fiscal year ending in June 2013.
USA - October 3 2012
On September 24, 2012, the Department of Treasury and the IRS issued proposed regulations governing the procedures used by private foundations for making a "good faith" determination as to whether a foreign grantee is the equivalent of a U.S. public charity.
USA - August 3 2012
On July 31, the IRS announced in Notice 2012-52 that donors may claim charitable deductions for their contributions to domestic disregarded LLCs that are wholly owned and controlled by U.S. charities.
USA - February 21 2012
In a letter dated February 16, 2012, seven democratic Senators wrote to IRS Commissioner Shulman and requested an investigation into the use of section 501(c)(4) "social welfare" organizations to improperly engage in campaign activity.
