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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

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