National Council of Nonprofits

+

The unintended target of tax reform: Churches now face 21% penalty

“I’d say the churches have every right to be outraged,” said David L. Thompson, vice president of public policy for the National Council of Nonprofits. “It’s an oxymoron. It’s horrendously unfair.”

+

Paulsen Floats Plan for Pretax Charitable Giving Accounts

The Paulsen bill demonstrates bipartisan recognition that the TCJA reduces tax incentives for charitable giving and that more incentives are needed, according to David L. Thompson of the National Council of Nonprofits.

+

New tax levied in GOP overhaul draws laments from churches, other nonprofits

Others are likewise mystified by that aspect of the new provision, prompting the National Council of Nonprofits and many other groups to — so far unsuccessfully — implore the IRS for clarity or any other guidance on how to even begin calculating...

+

Bill to Repeal UBIT Rule Wins Support From Charity Groups

“The Walker bill recognizes the fallacy of taxing tax-exempts for the mistaken goal of creating ‘parity’ with for-profit businesses and reiterates the point that these new taxes on nonprofit transportation and other benefits are inappropriate and...

+

UBIT Coalition Pushing for Delay on Fringe Benefits Provision

“The only thing that is clear about the new taxes on tax-exempt organizations is that no one understands them—not nonprofits, houses of worship, accountants, lawyers, or tax advisors,” said David L.

+

Local nonprofits face uncertainty in wake of new tax law

McCrary said he supports tax cuts, but he thinks the government shouldn’t offset them with provisions that impact historically tax-exempt organizations. The foundation leader said he is pleased about Conaway’s bill and what could come from it.

+

Trump tax provision on churches, other nonprofits catches locals off guard

Churches aren’t the only groups affected by the changes, though.

+

Newly-Discovered Provision in GOP Tax Reform Law Slaps Tax on Church Parking

Many organizations, including the Boys & Girls Clubs of America, Goodwill Industries, the YMCA and the National Council of Nonprofits, are demanding the tax be delayed, arguing it is unfair to ask them to pay a levy they do not understand.

+

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.

+

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.