Tax Advice: How The New Tax Law Affects The Arts

In my opinion as an artist, an accountant, and a citizen, the effects I outline below make a strong case for traditional protocols including a longer period for deliberation and public comment, befitting massive legislation. Tax changes can have serious ripple effects, which must be fully understood by institutions and the public before they are put into effect. This benefits everyone, regardless of political leanings; whether you’re donating to the Southern Baptist Convention or MoMA, nonprofits can’t function without your contributions.