A Primer on the New Excise Tax on Nonprofit Compensation
Feature Article

A Primer on the New Excise Tax on Nonprofit Compensation

As a result of the Tax Cuts and Jobs Act, passed at the end of 2017, many nonprofits found themselves facing a significant tax on both the compensation of certain employees and any separation payments, often called “parachute payments,” paid to highly-compensated employees, u... Joan Vines, CPA, Norma Sharara