1. Tax on Nonprofits Could Snare Companies, Too

    Tax on Nonprofits Could Snare Companies, Too

    Tax on Nonprofits Could Snare Companies, Too A new excise tax on executive pay at tax-exempt entities may also apply to their affiliated for-profit companies, IRS guidance suggests. David McCann Companies with affiliated tax-exempt entities could find themselves surprised to be on the hook for a new tax, in light of interim guidance recently released by the Internal Revenue Service.

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    1. As incredible as [it] may seem, it is possible that the IRS might seek to enforce that interpretation.
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