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 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.
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.
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
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.
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
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.
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.
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
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.