Skip to Content

How will Sec. 4960 excise tax impact your tax-exempt organization?

The Tax Cuts and Jobs Act of 2017 imposed an excise tax on tax exempt organizations. In this on-demand webinar, we discuss newly released guidelines, and if necessary, how to apply the rules.

Image of businessman and business woman in a meeting. 

The Tax Cuts and Jobs Act imposed an excise tax on exempt organizations based on their payment of compensation in excess $1,000,000. The law also imposes a similar excise tax on excess parachute payments. The IRS issued long-awaited guidance in December 2018. In this on-demand webinar, we help you determine if the tax will impact your tax-exempt organization, and if so, how to apply the rules.

At the conclusion of this session, participants will be able to:

  • Identify which compensation applies to computing the excise tax.
  • Understand how to identify traps for the unwary hidden in the excess parachute provisions.
  • Identify strategies to mitigate some or all of the tax.

Presenters:

  • David Lowenthal, partner
  • Michael Krucker, senior manager
  • Edward Kim, principal
  • Steve Gibson, manager

Related Thinking

Image of two men in a conference room meeting.
April 19, 2019

Mitigating your excise tax liability risk: Excessive executive compensation for non-profit organizations

Article 4 minute read
Two business professionals writing down notes from a meeting.
March 27, 2023

You’ve mastered GASB leases, but are you ready for P3s and SBITAs?

Article 3 min read
Three business professionals referring to a report on their tablet computer.
March 23, 2023

Implementing GASB 96 & 101: Next steps for higher education

Webinar 1 hour watch