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