IRS Qualified Transportation Fringe Benefits Affects ALL Nonprofits

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IRS Qualified Transportation Fringe Benefits Affects ALL Nonprofits

2/21/2019 11:30 AM - 01:00 PM (CT)

The IRS recently released guidance, in the form of two notices, regarding how to calculate the increase to unrelated business income (UBI) for employee-provided parking. The new guidance outlines the implications not only on parking paid on employees’ behalf, but also on any owned or leased parking lots.

• Do you own or lease a parking lot or facility where employees can park?
• Do you have any parking spots exclusively reserved for employees?
• Do you pay for any parking on employees’ behalf?

If so, recently released guidance will affect your organization. Come to a lunch-and-learn with Wipfli to discover how this guidance will impact you.

Learning Objectives

1. Discuss the recent Notice 2018-99, which provides interim guidance for taxpayers to determine the amount of parking expenses for qualified transportation fringes that are nondeductible and how it could affect your organization.
2. Explore the four-step process for determining nondeductible qualified transportation fringe benefits and what is considered a reasonable method by the IRS during this first year of implementation.
3. Review the impact to organizations on reporting nondeductible transportation fringe benefits on their Form 990-T.

Trainer

Amanda VanNatta
Manager, Nonprofit and Government Practice

Registration Fee

• $20 (includes lunch)
• Limited to 30 people

Registration fees include:

• 1 CPE credit in accordance with the standards of the National Registry of CPE Sponsors. CPE credits are granted based on a 50-minute hour.
• Lunch

Cancellation Policy
There is no penalty for cancellation before February 18, 2019.  After that date, there will be no refunds.

Location Information

Wipfli LLP
2501 W. Beltline Hwy., Ste. 401
Madison, WI 53713
888.876.4992

Daily Schedule

Thursday, February 21, 2019     

11:30 a.m. – 1 p.m.                    Networking, Lunch and Training

*CPE

National Registry of CPE Sponsors: Wipfli LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the national Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Instructional Delivery: Group-Live.  For more information regarding administrative policies, such as complaint, cancellation and refund policies, please contact our offices at 888.876.4992.