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4 key tax reform provisions for not-for-profits

Hosted by Ken Tysiac

Please note: This item is from our archives and was published in 2019. It is provided for historical reference. The content may be out of date and links may no longer function.

Tax-exempt organizations were not exempt from the impact of the 2017 law known as the Tax Cuts and Jobs Act. With tax season underway for calendar-year taxpayers, Betsy Krisher, CPA, president of the Pennsylvania-based firm Maher Duessel, explains four key provisions in the new tax law that have a significant effect on not-for-profits. Krisher also is a member of the AICPA Not-for-Profit Advisory Council. (Visit the AICPA Not-for-Profit Section to find more information on not-for-profit tax compliance topics.)

What you’ll learn from this episode:

  • How the investment income of private colleges and universities is affected by the Sec. 4968 excise tax.
  • How new Sec. 4960 addresses compensation for not-for-profit executives.
  • The effect the new tax law has on unrelated business income tax and activities that require not-for-profits to pay taxes just as for-profit businesses would.
  • The tax law’s elimination of deductions for certain fringe benefits, which increases unrelated business taxable income.

Play the episode below:


To comment on this podcast or to suggest an idea for another podcast, contact Ken Tysiac, the JofA’s editorial director, at Kenneth.Tysiac@aicpa-cima.com.