Now that the Tax Cuts and Jobs Act has been signed into law by President Donald Trump, there is one provision that is of particular interest to all tax-exempt organizations.
In the white paper, Tax reform: The excise tax on tax-exempt compensation for amounts paid over $1 million per year per covered employee, we explore this provision and its relation to a punitive excess tax assessed against tax-exempt organizations for compensatory arrangements of over $1 million to employees of their organizations.
