Transportation Benefits

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Statement on IRS Guidance for nonprofits to claim refunds for transportation UBI taxes paid

Tim Delaney, President and CEO of the National Council of Nonprofits, said the following in response to the IRS releasing guidance that will help nonprofits quickly get refunds of taxes they paid on the now-repealed tax on nonprofit...

Posted In: Press Releases
Tags: UBIT, Unrelated Business Income Tax, Transportation Benefits, IRS Guidance
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Lawmakers strike agreement on last-minute tax package

At the same time, the legislation would rescind a controversial tax included in the 2017 tax law on fringe benefits churches and...

Tags: Transportation Tax, UBIT, Tax Reform, Transportation Benefits
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Transportation Benefits Tax Axed From House Bill

“Justice delayed is still justice,” said David Thompson, vice president of public policy for the National Council of Nonprofits in Washington, D.C.

Tags: Transportation Benefits, UBIT, Tax Reform, Transportation Tax
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Nonprofits and Foundations Poised to Score Victories in Tax Legislation

The "parking tax," as the provision was called, was bitterly opposed by a wide swath of nonprofit and advocacy organizations.

Tags: Transportation Benefits, UBIT, Tax Reform
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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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