Tax reform for exempt organizations

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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.

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.