skip to main contentCredit unions, hospitals, higher education institutions and any nonprofit anticipating the departure of highly paid employees now have the guidance needed to correctly calculate and report a new tax on…
Discover How Rental Real Estate Enterprises May Qualify for New 199A Pass-Through Deduction
Will rental real estate entities qualify for the 20 percent Section 199A pass-through deduction? This question has been on the mind of business owners and tax professionals since tax reform…
Earn Tax Benefits for Community Investments under New Federal Opportunity Zone Program
Tucked inside the Tax Cuts and Jobs Act is a new economic development initiative that offers preferential tax treatment for investments in distressed communities. Investors can support the revitalization of…
No Parking Zone: Tax Reform Eliminates Deduction for Employer-Funded Parking Expenses
As part of ongoing efforts to translate tax reform into regulatory reality, the IRS release guidance in early December 2018 that will increase taxes for any for-profit organization that provides parking…
Tax Reform Treatment of Employee Parking Costs Increases Taxable Income for Nonprofits
Editor’s note: This post has been updated to reflect additional guidance on parking fringe expenses published by the IRS on December 11, 2018. Does your nonprofit offer free parking or…
