For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...
Proper control and discretion over use of funds is required when U.S. charities are making grants to foreign charities, an IRS official says in a webinar. This includes reasonable care to ensure use of the assets for charitable purposes, vetting of the foreign grantee, an agreement on the grant's purpose, and continuing oversight of the grant, Mary Jo Salins, IRS supervisory tax law specialist in exempt organizations, says in a session devoted to international activities of domestic charitable organizations. U.S.-based organizations are major players in global philanthropy, operating in various ways, Salins says.
Notify me when updates are available (No standing order will be created).
Put me on standing order
Notify me when new releases are available (no standing order will be created)