To those attendees of ASAE’s Annual Meeting & Expo in Chicago this week, thank you for coming and special thanks to everyone who visited the Public Policy kiosk at McCormick Place. We enjoyed sharing some of the issues ASAE is tracking, including a new 21 percent tax on employer-provided transportation and parking benefits, association health… Read more »
A broad coalition of associations and companies sent a letter Aug. 22 urging the Treasury Department to resolve errors in last year’s tax law affecting the retail and restaurant industries. As the massive tax law was being drafted last year, lawmakers mistakenly denied businesses making interior renovations immediate full expensing. While the intent was to… Read more »
Sen. Ron Wyden (D-OR), ranking member on the Senate Finance Committee, reiterated yesterday that he is putting a hold on all Treasury nominees pending before the committee. Senate Finance Committee Chairman Orrin Hatch (R-UT) is still trying to confirm Chuck Rettig to serve as the next IRS commissioner and a number of other nominees for… Read more »
The IRS on Aug. 21 issued interim guidance on the provision in the new tax law that requires separate computation of unrelated business income tax (UBIT) for tax-exempt organizations with more than one unrelated trade or business. ASAE and the UBIT Coalition have been asking for guidance from Treasury for months on this provision, along… Read more »
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