DAF Proposed Regulation Changes – What You Need to Know
Recently, the Internal Revenue Service (“IRS”) and the U.S. Treasury Department (Treasury) released proposed regulations for donor advised funds (DAFs) under section 4966 (REG-142338-07) which includes updated proposed interpretive guidance surrounding excise tax on taxable distributions from a DAF. The regulations propose changes to: What Is a DAF? IRC Section 4966 defines a DAF as…
