The U.S. Treasury Department and the IRS this afternoon released for publication in the Federal Register final regulations (T.D. 9907) concerning the treatment of certain payments made to charitable entities in return for consideration, pursuant to provisions enacted by the 2017 U.S. tax law (Pub. L. No. 115-97) (the law that is commonly referred to as the “Tax Cuts and Jobs Act” (TCJA)).
The regulations released today finalize regulations that were proposed in December 2019 “with clarifications in response to the written comments received and testimony provided” with regard to the proposed regulations.
The final regulations [PDF 277 KB]—
The final regulations were published in the Federal Register on August 11, 2020.
The purpose of this report is to provide text of the final regulations.
For more information, contact a tax professional with KPMG’s Washington National Tax practice:
Ruth Madrigal | +1 202 533 8817 | firstname.lastname@example.org
Preston Quesenberry | +1 202 533 3985 | email@example.com
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