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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
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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