Implications for Businesses and Tax-Exempt Organizations
The Tax Cuts and Jobs Act changed the rules for certain employer provided Qualified Transportation Fringe Benefits. A specific category of fringe benefits that is going to impact both, taxable entities and tax exempt organizations, is employer provided parking expenses.
Effective for amounts paid or incurred after 12/31/17 (i.e. not tax ... Read More ›
Start by counting the total number of parking spots in each parking lot. Then continue as follows for each lot:
Step 1: Calculate the disallowance for reserved employee spots
Calculate the disallowance for reserved employee spots as a percentage to total parking spots. If there are none, go to Step 2.Step 2: Determine the primary use of remaining ... Read More ›
Our Annual Year-End Tax Releases are posted on our website: Annual Tax Releases in the Publications & Resources section.
The Releases include: Wage and Tax Reporting Forms W-2 and W-3 Information Reporting Forms 1099, 1096, and 5498 2018 Automobile Rules Third Party Payments of Sick Pay Form W-4P Withholding on Pension and Annuity Payments 2019 Rates ... Read More ›