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.
View our comprehensive podcast to learn more about the final provisions affecting exempt organizations under the Tax Cuts and Jobs Act.
Latest version of Tax Cuts and Jobs Act provides some relief to tax-exempts on one hand but eyes big changes on the other.
Highlights of the provisions in the Senate Committee on Finance proposal that may affect tax-exempt organizations.
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.
The IRS has recently issued Notice 2018-67, providing interim and transition rules for determining UBTI for separate trades or businesses.
Potential tax increase for exempt organizations hidden in the TCJA as part of the corporate tax cut.
Exempt corporations with a fiscal year end will be subject to a blended federal tax rate for their fiscal year ending in 2018.
Provision in the Tax Cuts and Jobs Act enacts excise tax on exempt organization compensation paid over $1 million per year.
Certain fringe benefits now required to be included in exempt organizations’ unrelated business income subject to tax
A review of the most common benefits offered to employees, that are contained, as well as those that are not included in the TCJA.
The recently passed government funding bill includes two tax provisions that will affect tax-exempt organizations.
Analysis of new law contained in section 512(a)(6) that limits losses from one trade or business to offset another for UBI purposes
Along with the new laws for unrelated business income tax, there are added provisions for organizations formed as trusts for tax purposes
Section 4968 imposes an excise tax on an applicable institution for each taxable year equal to 1.4 percent of the net investment income.