+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.
+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.
+Washington, DC - The National Council of Nonprofits submitted a letter to the Department of Treasury and...
+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...
+But the plan also could increase contributions if a person who previously gave $200 now gives $10,000 to get a tax credit. In this case the charity would be ahead by $800.
+Those comments are music to the ears of Sheila Bravo, CEO of the Delaware Alliance for Nonprofit Advancement.
+The nonprofit sector is an important one for the state.
+Meanwhile, other concerns about the workaround have come from the state’s nonprofit community, which is already worried that the Trump tax overhaul could lead to fewer donations being made by New Jersey residents due to the increased standard...
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.”
+Nonprofit representatives have asked the IRS and Treasury to delay implementing new unrelated business income tax rules until after guidance is published.
