The Tax Cuts and Jobs Act, passed in December 2017, imposed a tax on exempt organizations based on their payment of qualified transportation fringe benefits to their employees. This provision, commonly known as the “parking tax,” was the subject of long-awaited guidance and was issued in December 2018. This webinar will describe the guidance and provide the necessary information to determine if and how the parking tax applies to tax-exempt organizations.
Learning objectives:
At the conclusion of this session participants will be able to:
- Determine whether they may be subject to the parking tax.
- Analyze how to calculate tax due from their organization.
- Identify basic strategies to possibly mitigate some or all of the tax.
Presenters:
- Amy Ciminello, tax manager
- Dori Eggett, tax director
- Tina Peters, tax manager
Plante & Moran, PLLC, is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417 or by visiting the website: www.nasba.org
