Opportunity to Minimize the New Tax on 501(c)(3) Exempt Organization Employee Parking
The Energy Law
MARCH 25, 2019
Due to the Tax Cuts and Jobs Act (“TCJA”) passed by Congress in December 2017, starting in 2018 many 501(c)(3) Exempt Organizations (“EOs”) are required to treat the cost of employer-paid qualified transportation and parking benefits as unrelated business taxable income (“UBTI”) to the EO.
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