Skip to Content



Tax reform tosses nonprofits $1M quandary

February 21, 2018 Article 4 min read
Authors:
Michael Krucker
Some nonprofit hospitals and universities paying executives more than $1 million face hefty tax penalties. Those looking to avoid these excise taxes have a few alternatives. Read more at NonProfitPro.

Close up of a tax document being filled out by a person. The recent reform of the U.S. tax code has been lauded in many circles, but it has left some nonprofits reeling and facing potentially large excise taxes.

For tax years beginning on or after Jan. 1, tax-exempt organizations face a 21 percent excise tax on executive compensation that is above $1 million, prompting intense chatter among some nonprofits worried about hefty tax bills.

Related Thinking

June 25, 2018

Why many companies should terminate defined benefit plans

Article 1 min read
January 10, 2018

Five questions church pension plan sponsors should ask to avoid legal trouble

Article 2 min read
January 5, 2018

ACA Compliance Bulletin: IRS extends deadline for furnishing 2017

Article