Tax Reform for Exempt Organizations #022

Guest Rebekuh Eley explains key provisions of the Tax Cuts and Jobs Act (TCJA) for exempt organizations in the latest installment of our TCJA series. After a brief overview of the changes affecting exempt organizations—starting at 1:04—Rebekuh addresses the following questions: What’s the new excise tax on executive compensation? @ 4:31 Are organizations changing their approaches to compensation agreements? @ 7:43 Does this new excise tax apply to state colleges and universities? @ 9:16 How does the new excise tax on executive compensation work with related parties? @ 11:07 What do exempt organizations need to know about the changes to fringe benefits? @ 13:41 How might the changes under the TCJA for individuals affect exempt organizations? @ 19:36 How are organizations reacting to the changes of the new tax law? @ 23:51 Did the Bipartisan Budget Act of 2018 include changes for exempt organizations? @ 25:38 What’s the top question Rebekuh’s been receiving? @ 27:54 What are the key takeaways for exempt organizations after tax reform? @ 30:48 BIO FOR GUEST Rebekuh Eley is a leader in the not-for-profit practice of BKD's Chicago office and part of the tax-exempt team. She has focused her career as a consultant on tax-exempt organizations, and has a broad tax background encompassing corporate, partnership and individual tax technical knowledge and experience. Connect with Rebekuh on LinkedIn Follow Rebekuh on Twitter ADDITIONAL RESOURCES Impact of Tax Reform on Not-for-Profits Webinar: Annual Tax Update & 2017 Form 990 Changes