New IRS guidance on parking tax for tax-exempt employers
- January 30, 2019
In December 2018, the IRS released preliminary guidance regarding the parking tax, which taxes exempt employers on the expenses incurred in providing either parking or transit passes to their employees. This provision converts applicable expenses into unrelated business taxable income. Because the provision was effective for expenses incurred on or after Jan. 1, 2018, exempt organizations had been operating without clarification until the new notices went out from the IRS in December.
This webinar is tailored to health system executives to gain a high-level understanding of the new parking tax potential impact and know who in their organization needs to dig deep into the details.
- Amy Ciminello, tax manager, Plante Moran