SALT Tele-townhall with Bruce Ely and Brian Robbins—the latest news on donating to worthy scholarship-granting organizations (SGO’s) in Alabama while also achieving both federal and state tax benefits.

Please join us for a call regarding the IRS tax regulation clarification regarding donations to Alabama SGO’s. Bruce Ely and Brian Robbins will walk through what the clarifications mean to PTE and how they will benefit your clients.

• The proposed regulations provide needed clarity for federal tax deductions permitted in connection with donations by corporations, pass-through entities, and individuals;
• For donations to AOSF, Academics+, or C2 by pass-through entities in particular, the proposed regulations provide helpful guidance that allow donors to take a federal tax deduction and still receive dollar-for-dollar Alabama income tax credits;
• Review of the January 17 update from ADOR regarding the impact for PTE that pass on Alabama Accountability Act credit to their members;
• Examples of approved business purposes for business entities to donate to qualified charities such as AOSF, Academics+ or C2; and
• Donations to AOSF and C2 are down significantly from last year, and the time to reserve donations for corporate and PTEs is NOW.