Alexander Reid Expects No New Legislation Amid Congressional Gridlock in 2023

News / January 3, 2023

Partner Alexander Reid was quoted extensively in a Jan. 3, 2023, TaxNotes article titled “A Look Ahead: EOs Deal with Charitable Giving, Disclosure, Transparency.”

Reid addressed what exempt organizations (EOs) may expect from the federal government in the year ahead. He told TaxNotes that he foresees no new tax legislation but thinks the IRS will increase audits, including of exempt organizations. He also expects the Treasury Department to publish new regulations in the wake of last year’s passage of the Inflation Reduction Act.

Read the article (subscription required).