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.

  • /content/mcgladrey/en_US/about/profiles/Sweeney-James
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  • 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.

  • /content/mcgladrey/en_US/about/profiles/Sweeney-James
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  • 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.

  • /content/mcgladrey/en_US/about/profiles/Sweeney-James
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  • 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.

  • /content/mcgladrey/en_US/about/profiles/Sweeney-James
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  • November 03, 2017

LATEST INSIGHTS

Proposed regulations address exempt organizations' excess compensation

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.

  • Alexandra Mitchell, Anne Bushman, Karen Field
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  • June 10, 2020
IRS issues FAQs on NOL carrybacks for exempt organizations

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.

  • Alexandra Mitchell, Morgan Souza, Julia Barlow
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  • June 09, 2020
IRS issues refund guidance to exempt organizations on

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.

  • Alexandra Mitchell, Morgan Souza
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  • January 23, 2020
IRS answers questions on tax-exempt executive compensation

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.

  • Karen Field
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  • January 03, 2019
IRS releases guidance on qualified transportation benefit deductions

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).

  • Karen Field, Anne Bushman
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  • December 11, 2018
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 for separate trades or businesses.

  • Bill Turco
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  • 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
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  • 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
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  • July 24, 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.

  • /content/mcgladrey/en_US/about/profiles/Sweeney-James, Bill Turco
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  • 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

  • /content/mcgladrey/en_US/about/profiles/Sweeney-James, Bill Turco, Shawna Jimenez
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  • March 20, 2018

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National Practice Leader
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