Taxability of Parking Fringe Benefits (S)

Course Content:

Have you heard about the “parking” tax on nonprofit organizations? The tax reform changes included a few items that affect nonprofit organizations, and the potential tax liability for providing parking fringe benefits (as well as other types of benefits) may be taxable. If you don’t currently file a Form 990-T, but have this taxable income, you will now need to calculate the taxable amount and file the Form 990-T. In this session, we will help you determine IF you have the taxable income and if so, HOW to calculate the amount that is taxable.

Lunch: 11:30AM

Presentation: 12:00 - 1:00PM

Your presenter: Colette Kamps, CPA, Partner

Colette is a Partner at Henry+Horne and head of the Not-for-Profit niche handling audits, reviews and compilations, consulting and tax returns. Colette loves working with the nonprofit industry because the people she gets to work with are so passionate about what they do.

Learning Objectives:

After participating in this discussion, participants will be able to determine if they have the taxable income related to parking fringe benefits and if so, how to calculate the amount that is taxable.

Delivery Method: Group

Program Level: Advanced

Prerequisites: Experience in nonprofit accounting

Preparation: No advance preparation required

Total CPE Credits: 1

CPE Fields of Study: Tax = 1

To receive CPE credit, each participant must be registered for the program, and each participant must complete the polling prompts during the program.

If you have problems registering, please contact Chelsea Villicana at ChelseaV@hhcpa.com or (480) 839-4900.

Refunds/Cancellations/Concerns - please contact Chelsea Villicana at ChelseaV@hhcpa.com or (480) 839-4900 to cancel or request a refund.