A Federal Parking Tax on Churches and Other Nonprofits? Is This for Real? Webinar-On-Demand
Description
This Webinar-On-Demand will focus on A Federal Parking Tax on Churches and Other Nonprofits? Is This for Real? with Michael Batts, Managing Partner of Batts Morrison Wales & Lee and Dan Busby, President of ECFA.
Learning Objectives
By listening to this Webinar-On-Demand, you will learn about:
- Context—The Tax Cuts and Jobs Act brought many changes especially for individual and corporate taxpayers. Buried in the details of the bill was a provision to assess an income tax on churches and other nonprofits for the costs they incur to provide parking for their employees.
- Tax impact—Learn how, unless something is done to fix the issue, churches and other nonprofits will pay a 21% income tax on providing parking to their employees, costing ECFA members, with their over 100,000 parking spaces, millions of dollars each year and the overall nonprofit community, with over 15 million parking spaces, in the range of $1 billion dollars or more a year.
- Calculating and paying tax—Learn how the tax is calculated and what forms must be filed to comply with the new law (both federal and state). Many churches and other nonprofits do not file these forms currently.
- Misinformation—Learn how misinformation is being spread about the new law.
- Solution—Learn what you can do to help fix the issue.
Continuing Education Credit
We are unable to offer continuing education credits for Webinars-On-Demand.
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