The Department of Treasury has released guidance regarding employer-provided parking, parking fringe benefits, and information regarding the status of how tax-exempt organizations are to handle changes to fringe benefits and unintended business tax. The guidance can be found below. It should be noted that the IRS will waive penalties and fees for organizations that have not paid the appropriate tax as a result of the changes. However, the guidance DOES NOT waive the tax.
CoaST Webinar on IRS Guidance
On December 28, 2018 CoaST held a webinar on this issue. Below, please find slides and recording from that webinar: