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TCJA and Exempt Organizations: 18 Months After Enactment

  • 06/20/2019
  • 12:00 PM - 1:40 PM
  • Webinar MNCPA

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The Tax Cuts and Jobs Act (TCJA) came with two new unrelated business income tax (UBIT) provisions applicable to all organizations. These new provisions are guaranteed to increase UBIT. TCJA also imposes an excise tax provision applicable to exempt organizations and their related organizations. This will impose a 21% tax on exempt organizations and their related organizations to the extent they remit >$1,000,000 in remuneration in any year OR an "excess parachute payment" to individuals who make a "top 5 employees" that must be initiated in 2017.  In this live webinar, get updated on what we now know about the interpretation of these provisions and what has become clearer since the issuance of the IRS's initial guidance.

Designed for: CFOs, managers and tax advisers who work within or advise not-for-profit organizations

Objectives: Understand the impacts of the Tax Cuts and Jobs Act on exempt organizations

Major subjects:

  • Qualified transportation benefits and the Section 512(a)(7) parking tax - a tax on expenditures
  • Siloing required under Section 512(a)(6) and the need to track suspended losses on years beginning Jan. 1, 2018 and later
  • Section 4960 excise tax - how to address the 21% more costly employee pool

Level: Intermediate
Prerequisites: Familiarity with pre-TCJA unrelated business income taxation or not-for-profit executive compensation experience recommended.
Developer: MNCPA
CPE Credits: 2
Area of Study: Taxes – Technical
Instructor: 
Eve Borenstein


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