Employee Parking: Important Reminder for Nonprofit Corporations

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By: Varnum LLP.

Many nonprofit corporations were surprised to learn about a new provision in the federal tax code. This new provision, found in the 2017 Tax Cuts and Jobs Act (TCJA), will impute unrelated business taxable income (UBTI) to any tax exempt organization that provides “qualified transportation fringe” benefits (QTFs) to its employees. Read more.

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