Tax reform for exempt organizations
How the newly enacted tax law may affect your tax-exempt organization
RESOURCE CENTER |
The recently enacted Tax Cuts and Jobs Act (TCJA) has produced widespread changes in the tax law, including many that will affect tax-exempt organizations. Our resource center features the latest in developments related to the potential effects of the new tax law for exempt organizations.
For additional insight and resources, please visit our tax reform resource center for all industries.
LATEST PODCASTS
AUDIOCAST
Exempt organization tax reform update podcast
View our comprehensive podcast to learn more about the final provisions affecting exempt organizations under the Tax Cuts and Jobs Act.
TAX ALERT
Changes ahead for exempt organizations as vote nears on tax reform
Latest version of Tax Cuts and Jobs Act provides some relief to tax-exempts on one hand but eyes big changes on the other.
TAX ALERT
Exempt organization provisions in the Senate tax reform proposal
Highlights of the provisions in the Senate Committee on Finance proposal that may affect tax-exempt organizations.
TAX ALERT
Exempt organization-specific provisions in the House Bill H.R. 1
The tax reform legislative process was formally kicked off Nov. 2, 2017, with the release of H.R. 1, the Tax Cuts and Jobs Act.
LATEST INSIGHTS
TAX ALERT
IRS issues final regulations on parking and commuting deductions
The regulations largely mirror the proposed regulations with additional, mostly favorable, clarifications for taxpayers.
TAX ALERT
Final regulations address higher education endowment excise tax
New regulations under section 4968 provide favorable guidance to private colleges and universities subject to the excise tax.
TAX ALERT
Proposed regulations address exempt organizations' excess compensation
Section 4960 proposed rules add examples and clarity while generally following interim guidance and providing taxpayer-friendly exceptions.
TAX ALERT
IRS issues FAQs on NOL carrybacks for exempt organizations
Exempt organizations may carryback siloed NOLs to tax years beginning before 2018 and apply them to net unrelated business income.
TAX ALERT
IRS issues refund guidance to exempt organizations on "parking tax"
Instructions for claiming a refund or credit, or adjust Form 990-T for qualified transportation fringe of unrelated business income tax.
TAX ALERT
IRS answers questions on tax-exempt executive compensation
The IRS released Notice 2019-09 providing guidance to assist taxpayers in implementing new executive compensation rules under section 4960.
TAX ALERT
IRS releases guidance on qualified transportation benefit deductions
The IRS provides guidance to assist in determining expenses for parking fringe benefits for purposes of section 274(a)(4) and 512(a)(7).
TAX ALERT
IRS issues guidance for determining UBTI for separate businesses
The IRS has recently issued Notice 2018-67, providing interim and transition rules for determining UBTI for separate trades or businesses.
INSIGHT ARTICLE
Is there really a tax cut in the TCJA for exempt organizations?
Potential tax increase for exempt organizations hidden in the TCJA as part of the corporate tax cut.
INSIGHT ARTICLE
Fiscal year blended tax rate for exempt corporations filing Form 990-T
Exempt corporations with a fiscal year end will be subject to a blended federal tax rate for their fiscal year ending in 2018.