A Parking Tax? How New IRS Rules Impact Employers – CoaST & BWC Webinar

  The Coalition for Smarter Transportation (CoaST) and Best Workplaces for Commuters (BWC) will host a webinar on ‘A Parking Tax? How New IRS Rules Impact Employers’. During this webinar, staff from CoaST and BWC will review how the Department of Treasury’s recent guidance on parking will impact employers. During the webinar, presenters will: Provide…

IRS Releases Guidance on Employer Provided Parking & Parking Benefits

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…

IRS Requests Comment on Draft Guidance for Tax Exempt Organizations With Multiple Sources of ‘Unrelated Business Income’

This week, the Internal Revenue Service released a notice requesting comments on draft guidance on tax-exempt organizations that have more than one unrelated business. The core of the guidance goes into how Unrelated Business Taxable Income (UBTI) would be applied to those organizations with multiple unrelated business lines and basically says that the losses of…