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Taxation Blog

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  • Blog: Exempt Org Resource - Nonprofit Law BlogA Congressional Christmas MiraclePosted on January 8, 2020 by Megan E. Bell, Justin Zaremby
    Just in time for the holidays, Congress gave two gifts to tax-exempt organizations as part of the new government funding bill signed into law on December 20, 2019. First, the excise tax imposed on the investment income (generally, interest, dividends, rents, royalties, and capital gain net income) of private foundations under Section 4940 of the [...]

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