As part of our efforts to bring the Power of A to the association community, ASAE is once again hosting a special luncheon in Chicago to discuss ASAE’s Power of A campaign, our industry brand, to share how each day, associations create positive change in America and the world. The luncheon will be hosted on Thursday, April 4,… Read more »

Senate Finance Committee Chairman Charles Grassley (R-IA) is expected to introduce legislation this week to renew dozens of expired tax breaks known as extenders. The bill is likely to also include tax relief for disaster-stricken areas, according to Bloomberg BNA. Since all tax bills have to originate in the House, Grassley’s tax extenders bill serves… Read more »

Nonprofit organizations based in Washington, DC are reminded not to ignore notices to renew their tax-exempt status with the DC Office of Tax Revenue. The DC government has sent 14,000 tax-exempt entities a notice to renew their exemption this year, which is part of the city’s efforts to update tax records. Natalie Wilson, a spokesperson… Read more »

A recent Treasury notice has brought to light that even if an organization’s top five highest paid executives earn less than $1 million, the organization could still be subject to the 21% excise tax on executive compensation as part of the 2017 Tax Cuts and Jobs Act (TCJA). According to Treasury’s Notice 2019-09, if an… Read more »

Sen. James Lankford (R-OK) is expected to introduce legislation today to repeal a provision in the 2017 Tax Cuts and Jobs Act that assesses a 21 percent tax on the value of so-called fringe benefits – such as free parking or mass transit assistance – that nonprofits provide to employees. Sen. Chris Coons (D-DE) is… Read more »