ASAE Releases Two New Tax Policy Issue Briefs

Since the 2017 tax reform, two major tax-related issues have dominated ASAE advocacy: The unrelated business income tax (so-called “UBIT”) on parking and transit benefits employers provide employees; and The excise tax, under Internal Revenue (IR) Code Section 4960, on certain compensation associations and nonprofits provide senior employees. To help further inform ASAE members, stakeholder… Read more »

IRS Issues Interim Guidance on Nonprofit Excise Tax

Despite the partial government shutdown, the IRS on Dec. 31 issued interim guidance on the 21 percent excise tax on tax-exempt executive compensation exceeding $1 million in any taxable year, enacted as part of the 2017 tax law. ASAE has flagged the tax as concerning to the tax-exempt community, particularly because compensation subject to the… Read more »