+Churches face taxes under new law
The 21 percent tax could cost some churches tens of thousands of dollars.
In the past week, nearly 900 organizations have signed a petition to ask Congress to get rid of the tax.
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+Pennies from heaven? Overlooked provision in Republican tax bill has churches on edge
The National Council of Nonprofits – the nation’s largest network of charitable organizations — called on the IRS and Treasury Secretary Steven Mnuchin’s office to delay implementation of the tax on fringe benefits.
+Donald Trump's Tax Plan Could Have Churches Paying Thousands of Dollars More
This month the National Council for Nonprofits, which is the largest network of charitable organizations, called on the IRS and Treasury Secretary Steven Mnuchin's office to delay implementation of the tax on fringe benefits.
+Republican tax law hits churches
Treasury is now working on regulations spelling out the details of how the tax will work, though the groups are supposed to have already been paying the tax. It took effect Jan. 1 and nonprofits are supposed to pay it quarterly.
+Nonprofit Budget Health Check – Pass or Fail?
The National Council of Nonprofits puts it simply: “Budgets should not be ‘written in stone’ because the financial position of the nonprofit may change during the year.” Continuously monitoring your budget and comparing it to actual results is a...
+Pence Attacks Johnson Amendment as House Panel Considers Changes
The National Council of Nonprofits protested in letters to appropriators that changes to the enforcement of the Johnson Amendment would open churches...
+Tax reform leaves nonprofits with ‘tsunami’ of challenges
According to David Thompson, vice president of public policy at the Washington, D.C.-based National Council of Nonprofits, charity-minded organizations are not only facing the uncertainty of new federal tax changes that don’t have clear...
+How to Break a Census
Both the addition of a citizenship question on the Census and exclusion of non-citizens from the population count run the risk of a severe undercount, more anti-discriminatory legislation, and less funding for programs based on population counts...
Guidance on New UBIT and Exec Comp Changes Moving Forward
Some organizations also want to know whether passive investment activity “could be all one group,” Ramey said, adding, “We are looking at various things and we’re looking at various options.”
+Nonprofits Seek Delay in New UBIT Rules’ Implementation
Nonprofit representatives have asked the IRS and Treasury to delay implementing new unrelated business income tax rules until after guidance is published.
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