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Opportunity to Minimize the New Tax on 501(c)(3) Exempt Organization Employee Parking

The Energy Law

Though EOs have until May 15, 2019 to file their 2018 returns and remit any taxes owed to the federal government, there is a time-limited opportunity for some EOs to change their parking policy prior to March 31, 2019 and minimize the amount of parking tax owed. New Tax on Employee Parking EOs pay federal income taxes on their UBTI at a 21% rate.

E&A 40
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Applying for Loan Forgiveness under the Paycheck Protection Program (PPP)

The Energy Law

Updated August 31, 2020 On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, which established, in relevant part, the Paycheck Protection Program (PPP), a loan program that offers eligible borrowers the potential for loan forgiveness.

IT 40