Latest guidance from the IRS makes it clear that tax-exempt employers should now pay income tax based on amounts included in employee compensation reduction agreements (CRAs).

As you know, certain provisions of the recent federal income tax reform legislation may have a significant impact on tax-exempt organizations. Currently, one of the most controversial of these provisions is the tax treatment of employer-paid expenses for transportation and parking benefits. The tax community’s interpretation of this provision has been evolving, and in fact, IRS has just announced guidance on this issue.

In this article, Tate & Tryon’s exempt organization tax specialists provide guidance regarding commonly asked questions about this provision and outline recommended steps that nonprofits should start taking now.

INSIGHTS & RESOURCES

Podcast: To Lease or Not to Lease? That is the Question.

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Audit & Assurance06/06/2018

Firm News06/06/2018

Insights06/06/2018

Outsourced Accounting Services06/06/2018

Real Estate Lease Versus Buy Considerations
 
If you’re trying to decide whether to lease or buy real estate, listen to this podcast. Hear what nonprofits should be considering.
 
Doug Boedeker (Tate & Tryon Audit Partner) discusses the considerations with Kevin Brant and Chris Toth of JLL Mid-Atlantic.
 

Outsourced Accounting Touchdown! Game Plan for Success

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Firm News05/29/2018

Insights05/29/2018

Outsourced Accounting Services05/29/2018

In the world of football, the playbook contains the strategy and plan for winning the game. It requires careful preparation and skillful execution, a devotion to hard work and discipline, and a desire to be better and climb higher.  Tate & Tryon’s Roberto Terrell is well acquainted with what it takes.  As a former college […]

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