Transportation Benefits

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A priest, a minister and a rabbi get free parking spots …. and the Trump tax law makes their congregations pay! We’re not joking.

The tax applies to things such as as free parking, employer-subsidized transit fares and even flexible spending accounts such as the pre-tax deductions for mass transportation expenses, said Linda Czipo, president and chief executive of the...

Tags: Transportation Tax, Transportation Benefits, Tax Reform, New Jersey
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What About Those Fringe Benefits?

But the nonprofit sector is increasingly worried that no such bill will become law before the filing season comes to an end.

Tags: Transportation Tax, Tax Reform, Transportation Benefits, UBIT
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21 percent federal tax on church, nonprofit parking spaces creating confusion in SC

David Thompson predicts that designated parking spots for pastors in Charleston, the so-called “Holy City,” may soon disappear as churches realize they can’t afford a new tax on employee parking. 

Tags: Tax Reform, Parking Tax, South Carolina, UBIT, Transportation Benefits
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Nonprofits, churches may get hit with parking tax

“It will impact organizations that never had to file these forms. Now they have to,” said David L. Thompson, vice president of public policy for the National Council of Nonprofits in Washington.

Tags: Tax Reform, Transportation Benefits, Parking Tax, UBIT
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IRS Offers Safe Harbor For Nonprofit Parking Benefits

Meanwhile, the National Council of Nonprofits in late November urged members of Congress to repeal ...

Tags: Transportation Benefits, UBIT, Tax Reform
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Feds Try To Explain, Mitigate Parking UBIT

It’s not all good news.

Tags: Transportation Benefits, UBIT, Tax Reform
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Treasury tries to minimize impact of new tax on churches, other nonprofits

But the move didn't satisfy a major nonprofit association, which said repealing the tax is "the only reasonable response."

Tags: Tax Reform, Transportation Benefits, UBIT
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IRS issues guidance aimed at limiting impact of tax on nonprofits' parking expenses

David L. Thompson, Vice President of Public Policy of the National Council of Nonprofits, was critical of the IRS’s notice and said that it demonstrates that the tax on nonprofits’ expenses for transportation benefits needs to be repealed.

Tags: Tax Reform, Transportation Benefits, UBIT
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IRS gives tax guidance on parking expenses to nonprofits

Nonprofits were not overly impressed with the new guidance and are hoping for a full repeal of the provision in the Tax Cuts and Jobs Act.

Tags: Transportation Benefits, UBIT, Tax Reform
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Churches, other nonprofits may get relief after Rep. Kevin Brady reverses course on new tax

"We're encouraged by the bipartisan recognition of the damage that a new 21 percent tax would have on nonprofits' ability to serve their communities," said David Thompson, vice president of public policy at the National Council of Nonprofits.

Tags: Tax Reform, UBIT, Transportation Benefits

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