Not For Profit/Exempt Organizations Blog
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Five Excise Tax Tips For Tax-Exempt Employers

By Seth Safra, David Miller, Amanda H. Nussbaum, Steven Weinstein and Damian A. Myers on Posted in Executive Compensation, Not-for-Profit, Tax Reform, Tax-Exempt Organizations
As we have previously discussed, the 2017 tax reform act created a new excise tax under section 4960 of the Internal Revenue Code that will affect many tax-exempt employers.  The tax is 21% of certain compensation and can be triggered if an employee receives more than $1 million of compensation or an employee receives certain … Continue Reading
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