United States

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

Exempt organization tax reform update podcast

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.

  • James Sweeney
  • |
  • January 12, 2018
Changes ahead for exempt organizations as vote nears on tax reform

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.

  • James Sweeney
  • |
  • December 18, 2017
Exempt organization provisions in the Senate tax reform proposal

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.

  • James Sweeney
  • |
  • November 14, 2017
Exempt organization-specific provisions in the House Bill H.R. 1

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.

  • James Sweeney
  • |
  • November 03, 2017

LATEST INSIGHTS

IRS issues guidance for determining UBTI for separate businesses

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 separate trades or businesses.

  • Bill Turco
  • |
  • August 28, 2018

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.

  • Bill Turco, Julia Flannery, Shawna Jimenez
  • |
  • July 24, 2018

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.

  • Bill Turco, Shawna Jimenez
  • |
  • July 24, 2018

INSIGHT ARTICLE

New tax-exempt employer tax credit: Paid family and medical leave

Tax credit under the new section 45S is a favorable provision in the TCJA that applies to tax-exempt organizations

  • John Romano, Julia Flannery
  • |
  • June 14, 2018

WHITE PAPER

Excise tax on tax-exempt compensation paid over $1 million per year

Provision in the Tax Cuts and Jobs Act enacts excise tax on exempt organization compensation paid over $1 million per year.

  • James Sweeney, Bill Turco
  • |
  • March 27, 2018

WHITE PAPER

Important fringe benefit changes for exempt organizations

Certain fringe benefits now required to be included in exempt organizations’ unrelated business income subject to tax

  • James Sweeney, Bill Turco, Shawna Jimenez
  • |
  • March 20, 2018
Employee benefit packages: How does the new tax law affect nonprofits?

TAX ALERT

Employee benefit packages: How does the new tax law affect nonprofits?

A review of the most common benefits offered to employees, that are contained, as well as those that are not included in the TCJA.

  • James Sweeney, Bill Turco
  • |
  • February 21, 2018
Tax-exempt provisions included in the Bipartisan Budget Act of 2018

TAX ALERT

Tax-exempt provisions included in the Bipartisan Budget Act of 2018

The recently passed government funding bill includes two tax provisions that will affect tax-exempt organizations.

  • James Sweeney
  • |
  • February 13, 2018

WHITE PAPER

The new unrelated trade or business loss offset prohibition

Analysis of new law contained in section 512(a)(6) that limits losses from one trade or business to offset another for UBI purposes

  • James Sweeney, Bill Turco
  • |
  • February 08, 2018
Tax-exempt proposals not included in the final version of the TCJA

TAX ALERT

Tax-exempt proposals not included in the final version of the TCJA

Review the proposals related to exempt organizations that did not make it into the signed version of the tax reform law.

  • James Sweeney, Bill Turco
  • |
  • January 31, 2018

INSIGHT ARTICLE

Important changes in the TCJA for tax-exempts structured as trusts

Along with the new laws for unrelated business income tax, there are added provisions for organizations formed as trusts for tax purposes

  • James Sweeney, Bill Turco
  • |
  • January 26, 2018
Excise tax on investment income of private colleges and universities

TAX ALERT

Excise tax on investment income of private colleges and universities

Section 4968 imposes an excise tax on an applicable institution for each taxable year equal to 1.4 percent of the net investment income.

  • James Sweeney
  • |
  • January 26, 2018
New tax law disallows advance refunding of all tax-exempt bonds

TAX ALERT

New tax law disallows advance refunding of all tax-exempt bonds

Refundings of tax-exempt bond issues now treated as taxable income to bondholders under the Tax Cuts and Jobs Act.

  • James Sweeney
  • |
  • January 10, 2018
Updates to section 529 account plans in the TCJA

TAX ALERT

Updates to section 529 account plans in the TCJA

Families may now use section 529 account plans to pay for public, private or religious elementary or secondary school expenses.

  • James Sweeney
  • |
  • January 10, 2018
New provision for exempts in the TCJA with unrelated trade or business

TAX ALERT

New provision for exempts in the TCJA with unrelated trade or business

Many questions arise for tax-exempts around separate trade or business activities for unrelated business income purposes.

  • James Sweeney, Bill Turco
  • |
  • January 09, 2018

WHITE PAPER

Excise tax on tax-exempt compensation paid over $1 million per year

Provision in the Tax Cuts and Jobs Act enacts excise tax on exempt organization compensation paid over $1 million per year.

  • James Sweeney, Bill Turco
  • |
  • December 22, 2017
Changes ahead for exempt organizations as vote nears on tax reform

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.

  • James Sweeney
  • |
  • December 18, 2017

INSIGHT ARTICLE

IRS issues guidance for certain distributions from donor advised funds

The IRS and the U.S. Department of the Treasury have released Notice 2017-73, outlining proposed guidance on donor advised funds.

  • James Sweeney, Bill Turco
  • |
  • December 14, 2017
Senate tax reform bill: An improved outlook for exempt organizations

TAX ALERT

Senate tax reform bill: An improved outlook for exempt organizations

Many initial provisions in the Senate plan that could affect exempt organizations are absent in the final approved version.

  • James Sweeney
  • |
  • December 07, 2017
Exempt organization provisions in the Senate tax reform proposal

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.

  • James Sweeney
  • |
  • November 14, 2017
Exempt organization-specific provisions in the House Bill H.R. 1

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.

  • James Sweeney
  • |
  • November 03, 2017

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