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IRS Releases Proposed Regulations on Executive Compensation for Tax-Exempt Organizations

The Internal Revenue Service and US Department of the Treasury have released proposed regulations governing the excise tax imposed by Internal Revenue Code Section 4960 on certain executive compensation paid to employees of...more

Congress Repeals Nonprofit Parking Tax and Modifies Private Foundation Tax on Net Investment Income

The Taxpayer Certainty and Disaster Tax Relief Act of 2019 (the Act) was signed into law on December 20, 2019, as part of the Further Consolidated Appropriations Act, 2020 (PL 116-94). The Act contained a number of changes...more

IRS Reissues Donor Disclosure Relief as Proposed Regulations

The Internal Revenue Service and US Treasury Department have requested comments on proposed rules to enable certain tax-exempt organizations to redact information about donors on their annual information returns. ...more

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