Tax reform for exempt organizations

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.

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.

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