Executive Compensation Limits: Do they Apply to Public Colleges and Universities?

Under the Tax Cuts and Jobs Act, a new excise tax applies to compensation in excess of $1 million paid to any of the five most highly-compensated employees of an exempt organization as well as certain separation payments made to these individuals (roughly equal to three times base salary).   It’s unclear, however, whether these apply to public colleges and universities.

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Fringe Benefits Under the Tax Cuts and Jobs Act

Under the Tax Cuts and Jobs Act, non-profits that make certain fringe benefits available to their employees will now need to pay tax on these benefits as if they were unrelated business income. 

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UBIT Siloing under the Tax Cuts and Jobs Act

While exempt organizations are, by definition, exempt from tax, they are subject to a tax on their income from unrelated businesses. 

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Taxpayer Advocate Says 1023-EZ Presents Concerns

Taxpayer advocate Nina Olson has sharply criticized Form 1023-EZ in her 2017 Annual Report to Congress released on January 10.

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