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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.

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