Tax-Exempt Organizations Face A New Excise Tax

By James Malone (February 7, 2018, 1:06 PM EST) -- On Dec. 22, 2016, the Tax Cuts and Jobs Act, P.L. 115-97, became law. For exempt organizations, the TCJA included a key change: There is now an excise tax applicable to exempt organizations on "excess" executive compensation. This new tax, which is imposed under section 4960 of the Internal Revenue Code, will apply to:...

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