Comment from AICPA
AICPASupportTrade association
Summary: The American Institute of CPAs (AICPA) provides feedback on proposed regulations regarding taxable distributions from Donor Advised Funds (DAFs). They support the initiative but recommend specific modifications, such as postponing the effective date, clarifying definitions for investment advisors and significant contributors, and extending certain exceptions to other types of organizations.
The AICPA is providing feedback and recommendations on the proposed regulations dealing with Donor Advised Funds (REG-142338-07). Please see attached file.