unrelated business taxable income Archives

unrelated business taxable income

Free Parking Only Exists in Monopoly: New IRS Guidance Makes Employer-Provided Parking More Costly and Burdensome Than You Think

by Ralph E. DeJong, Robert C. Louthian, III, Samantha Souza, David Fuller, Erika Mayshar, Erin Steele and Joseph K. Urwitz | Dec 20, 2018 | Employee Benefits

As part of its comprehensive 2017 tax reform bill, Congress repealed deductions for Qualified Transportation Fringes including for employer-provided parking, while also requiring that tax-exempt organizations increase their unrelated business taxable income by the nondeductible parking expenses. Recently released IRS Notice 2018-99 addresses some of the year-end tax filing and tax planning concerns for affected employers with rules of special interest to tax-exempt employers.

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Fringe Benefits: What Tax Reform Means to the Employer

by Anthony A. Bongiorno and Todd Solomon | Jan 18, 2018 | Employee Benefits, Health and Welfare Plans

The new tax reform legislation includes important changes to the tax treatment of employer-sponsored benefit programs, including transportation benefit programs and moving expense reimbursements. The law also creates a new tax credit for employers who provide paid family and medical leave to their employees.