UBIT

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Nonprofits battle a new tax affecting nonprofit commuters

The Nonprofit Coordinating Committee of New York is urging action on an outstanding bill that would prevent a tax on commuter benefits. Changes to the federal tax code left nonprofits vulnerable to the Unrelated Business Income Tax, but the state...

Tags: New York, UBIT, Transportation Benefits, Tax Reform
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National Council of Nonprofits Applauds Bipartisan Letter Calling for Delay of New Taxes on Tax-Exempt Organizations

Washington, DC – In response to a letter sent by Senators Chris Coons (D-DE) and James Lankford (R-OK) to Treasury Secretary Mnuchin, calling for a delay in the implementation of two...

Posted In: Press Releases
Tags: Tax Reform, Taxing Tax-Exempts, UBIT
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National Council of Nonprofits Communicates Nonprofits’ Priorities to Incoming Chairs of Tax Committees

Washington, DC – The National Council of Nonprofits (Council of Nonprofits) delivered a...

Posted In: Press Releases
Tags: Tax, Nonpartisanship, UBIT
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Nonprofits seek numerous changes to 2017 tax law

The National Council of Nonprofits today asked the incoming chairmen of Congress' tax committees to support the repeal or modification of numerous provisions of the 2017 tax law, H.R. 1 (115), that the group said are hammering charities.

Tags: Tax, Johnson Amendment, UBIT
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Guidance on UBTI Allocations Allows ‘Good Faith’ Interpretations

David L.

Tags: UBIT, Unrelated Business Income, Tax Reform
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Unrelated Business Tax Regs May Bring Nonprofits Headaches

David L. Thompson, vice president of public policy for the National Council of Nonprofits, told Law360 the regulations were a good start because they do reduce some of the stress, but they are not perfect.

Tags: Tax Reform, UBIT, UBTI
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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.”

Tags: Tax Reform, UBIT, Transportation Benefits
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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...

Tags: Tax Reform, UBIT, Transportation Benefits
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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...

Tags: UBIT, Tax Reform
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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.

Tags: UBIT, Transportation Benefits, Tax Reform

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