Recent News & Blog

Nonprofit Parking Tax Repeal

On Friday December 20, 2019, President Trump signed a spending package which included the repeal of the nonprofit parking tax.  This tax applied to employee parking benefits as well as mass transit reimbursement.

What should I as a nonprofit subject to this tax do now?

  1. Stop making any estimated payments.
  2. File an amended Form 990T to claim a refund of any tax paid as the repeal was retroactive to 2017.

If you have any questions please contact the nonprofit service team as SEK.

Contact Us to Schedule a Consultation