United States:
Top Takeaways For Tax-Exempts From IRS Guidance On Executive Compensation
16 January 2019
McDermott Will & Emery
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One of the more controversial and complex provisions of the Tax
Cuts and Jobs Act has been the 21 percent excise tax on certain
nonprofit executive compensation. On December 31, 2018, the IRS
issued interim guidance that addresses how this tax will apply in
various situations that commonly arise for tax-exempt employers.
Establishing internal systems to comply with this guidance will be
challenging.
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Top Takeaways For Tax-Exempts From IRS Guidance On Executive
Compensation
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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