The White House on Feb. 10 released a $4.8 trillion budget plan for Fiscal 2021 that outlines the administration’s political priorities heading into the November election. The plan maintains $740.5 billion for the Defense Department but would cut domestic spending while reducing costs to Medicaid and Medicare. Funding for numerous federal programs and agencies would… Read more »

The IRS took a step closer to rolling back donor disclosure requirements for certain tax-exempt organizations after hearing from witnesses at an agency hearing Feb. 7. The IRS has proposed removing the requirement that trade associations and other tax-exempt groups provide the names and addresses of donors who contribute $5,000 or more on Schedule B… Read more »

In an effort to improve service to the tax-exempt community, the Internal Revenue Service (IRS) announced Jan. 31 that charities can file all paperwork to apply for tax-exempt status online. The IRS has revised Form 1023, the application for 501(c)(3) tax-exempt status, and its instructions. “Filing electronically reduces errors, and we believe this will help… Read more »

Category: IRS

The Trump administration announced yesterday it is temporarily banning New York residents from enrolling in Global Entry and other Trusted Traveler programs, citing the state’s “sanctuary” policies that limit federal access to state driver’s license data. Acting Homeland Security Secretary Chad Wolf said New York’s so-called Green Light Law prevents agencies like U.S. Customs and… Read more »

Despite ongoing concerns about the coronavirus public health emergency and trade tensions, the travel industry is well positioned for sustainable growth in 2020 and beyond, according to U.S. Travel Association President and CEO Roger Dow. Dow outlined the travel industry’s outlook and strategies for continued progress at a briefing at the National Press Club in… Read more »