Cutting Through the Confusion about the New “Parking Lot Tax”
Uncertainty about the wording and a lack of formal guidance from the IRS has left many nonprofit organizations unsure of what to do next. Meanwhile, organizations need to act soon to assess the degree of risk they are willing to accept in the absence of IRS guidance.
This article takes a look at the most common and pressing questions we’ve received on this issue.
There is much confusion surrounding the new tax on qualified transportation fringe benefits, including parking. Click here for details, examples, and recommended next steps.
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