Tax Reform Impact to Not-for-Profit Organizations

Since the legislation known as the Tax Cuts and Jobs Act was passed in December 2017, many not-for-profit organizations have been eagerly awaiting guidance to best plan and implement the tax law provisions most impactful to their institutions. While the IRS has issued some guidance, questions remain, and additional concerns have been raised about how to interpret and comply. The panelists will review important topics under tax reform and share insights and strategies that not-for-profit organizations may want to consider as they move forward to implement the law changes. 

The panelists will also address the IRS interim guidance released on Dec. 10, 2018, related to parking fringe benefits, and IRS interim guidance released on Dec. 31, 2018, related to the excise tax on excess tax-exempt organization executive compensation. 

As a result of participating in the session, you should be able to: 

1. Prioritize the areas of tax reform most impactful to your organization 
2. Identify tax law changes still in need of guidance and under consideration by Treasury and the IRS 
3. Identify industry consensus and best practices for significant tax reform topics 
4. Develop a logical approach to tax planning and implementation