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IRS Introduces New Reporting Code for Charitable IRA Donations

IRS Introduces New Reporting Code for Charitable IRA Donations

Understanding Qualified Charitable Distributions (QCDs) Individuals aged 70 and a half or older can benefit from one of the more advantageous tax features of IRAs: the ability to donate up to $108,000 directly to qualified charities from their IRA accounts in a manner known as a Qualified Charitable Distribution (QCD). The great thing about QCDs […]

DOJ Looking Into Black Lives Matter For Misusing Donations

DOJ Looking Into Black Lives Matter For Misusing Donations

The Justice Department is looking into whether Black Lives Matter (BLM) misled donors who contributed millions during the 2020 racial justice protests, as reported by the Associated Press. Federal officials issued subpoenas and search warrants as part of their examination of the Black Lives Matter Global Network Foundation, which played a significant role in the […]

Federal probe focuses on management of Black Lives Matter donations

Federal probe focuses on management of Black Lives Matter donations

Federal prosecutors are looking into whether leaders of the Black Lives Matter organization may have misused funds donated during the protests in 2020, according to two sources familiar with the situation. Following the death of George Floyd, donations to the organization reportedly exceeded $90 million, as first noted by the Associated Press. The U.S. Attorney’s […]

Criminal Charges Submitted Against Zohran Mamdani for Suspected Foreign Donations

Criminal Charges Submitted Against Zohran Mamdani for Suspected Foreign Donations

Controversy Surrounds Incoming NYC Mayor Zoran Mamdani Zoran Mamdani is poised to become the next mayor of New York City in just a few days, but he’s already hitting headlines for facing two criminal charges. A complaint from the Coolidge-Reagan Foundation claims that Mamdani’s campaign accepted nearly $13,000 from over 170 donors who are based […]

Zohran Mamdani’s campaign continues to get foreign funding after refunding $9K in overseas donations

Zohran Mamdani's campaign continues to get foreign funding after refunding $9K in overseas donations

The campaign of prominent mayoral candidate Zoran Mamdani has refunded almost $9,000 due to potential illegal foreign contributions. However, an investigation indicates that his campaign is still accepting donations from individuals based overseas. This revelation came after it was reported that Mamdani’s campaign had received two criminal referrals, shortly after it was disclosed that nearly […]

Schumer’s campaign donations decrease significantly

Schumer's campaign donations decrease significantly

Senate Minority Leader Chuck Schumer is facing scrutiny from progressive members of his party for his recent fundraising performance, according to recent reports. Federal Election Commission filings indicate that the five-term senator has seen a slowdown in his fundraising over the last quarter, which raises questions about the future of the 74-year-old politician amidst a […]

Rep. Seth Moulton Turns Down AIPAC Donations, Takes Free Trip To Qatar

Rep. Seth Moulton Turns Down AIPAC Donations, Takes Free Trip To Qatar

Massachusetts Candidate Rejects AIPAC Donations but Accepted Qatari Funds Seth Moulton, a Democratic candidate for both the Massachusetts House of Representatives and Senate, has announced he will not accept contributions from the American Israel Public Affairs Committee (AIPAC). However, past financial disclosures reveal he previously accepted travel expenses funded by Qatar. Moulton was part of […]

Maine Shooting Victims Raise Concerns About NGO Redirecting Donations to Help Migrants

Maine Shooting Victims Raise Concerns About NGO Redirecting Donations to Help Migrants

LePage Accuses NGOs of Misappropriating Donations for Lewiston Shooting Victims Former Maine Governor Paul LePage, who is running for the state’s 2nd Congressional District, has joined other victims of the Lewiston shootings in alleging that various nongovernmental organizations (NGOs) have redirected donations meant for the victims to politically linked groups, particularly those aiding immigrants in […]