by David Streit | Aug 27, 2026 | Taxes, Valuation
The One Big Beautiful Bill Act (OBBBA) raised the federal estate, gift, and generation-skipping transfer (GST) tax exemption to $15 million per individual, effective January 1, 2026, eliminating the reduction scheduled by the Tax Cuts and Jobs Act (TCJA) for that same...
by Lform Design | Aug 5, 2026 | Non-Profit, Valuation
When the IRS challenges a nonprofit donation valuation, the outcome rarely stops at a disallowed deduction. A challenged valuation can mean the loss of the deduction, accuracy-related penalties of 20 or 40 percent, interest on the underpayment, and exposure that...
