House Committee Advances Legislation Affecting Tax-Exempt Organizations

‘Set In Stone’ debuts at No. 39 on the Billboard 200, becoming the lowest-peaking solo album of Rick Ross’s career on the most important albums tally in the U.S. ATLANTA, GEORGIA – JUNE 10: Rapper Rick Ross attends A Toast To 20 Years With Rick Ross at the Luc Belaire Headquarters on June 10, 2026…

The Securities and Exchange Commission’s proposal to allow companies to choose to file financial reports semiannually drew a groundswell of public letters in the 60-day comment period that ended Monday.  Of the 8,011 letters submitted through July 3, a large majority (7,925 or 99%) were from individuals and writers who opposed the plan while 34…

The private markets secondary market reached a record $121 billion in the first half of 2026, as asset managers increasingly used continuation vehicles to retain ownership of high-conviction “trophy” assets, according to a report by Bloomberg citing date from Evercore. Manager-led transactions accounted for 54% of secondary deal volume during the period, marking the first…

A group of Democratic legislators in Connecticut with degrees from Yale University are threatening the school’s tax-exempt status if leaders make a deal with the Trump administration over probes into admission practices. Processing Content Yale President Maurie McInnis acknowledged last week that the school is communicating with the Department of Justice as part of a…

California family offices with clients at or near the $1 billion net worth threshold should be monitoring Proposition 40, the 2026 Billionaire Tax Act, which has qualified for the Nov. 3 ballot and could impose a one-time tax of up to 5% on the net worth of certain California residents if approved by voters. Although…

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