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New Roadmap for Transportation Benefits of Nonprofits

New Roadmap for Transportation Benefits of Nonprofits

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December 2018

The IRS has issued interim guidance for determining the tax treatment of certain transportation fringe benefits provided by nonprofit organizations (Notice 2018-99). Notably, this new guidance paves the way for nonprofits to retroactively reduce the amount of their nondeductible parking expenses under the Tax Cuts and Jobs Act (TCJA).

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