Implications of the New Tax Legislation for Nonprofit Organizations

Lorman Education Services

Doug Schwartz presented "Implications of the New Tax Legislation for Nonprofit Organizations," a webinar hosted by Lorman Education Services on February 28, 2018.

The Tax Cuts and Jobs Act is having a major impact on nonprofits and their fundraising and operations. In particular, there are new rules regarding compensation for executives and fringe benefits for rank-and-file which affect recruitment of new talent and benefits packages already in place, and add to the compliance and reporting issues for nonprofits (501(c)(3) charities and 501(c)(4) social welfare organizations in particular).

Attendees learned about these impacts during this webinar, which described the pertinent provisions; how they affect various classes of nonprofits; how they will effect fundraising, compensation arrangements, and operations; and how to plan going forward. Doug discussed the new excise tax on executive compensation and excess parachute payments; giving practical advice on how to identify and calculate excess parachute payments; and the new effective tax on many employee fringe benefits.

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