Scacpa's Weekly Federal Tax Update

Lynn Nichols Federal Tax Update Podcast January, 8 2019, Episode 28 Listen as Lynn Nichols provides commentary on 4 Items pertaining to current developments in U.S. tax law. This week’s topics include: IRS Offers Interim Explanation of New EO Compensation Tax Tax-exempt organizations that could be subject to a new tax on executive compensation paid to their highest-paid employees have gotten answers to some of their questions. [Tax Notes Today; 1/2/2019, Article by Fred Stokeld]   Guidance Issued on Excess Executive Comp Tax for Exempt Orgs The IRS has issued interim guidance (Notice 2019-9) on the section 4960 excise tax on excess remuneration and excess parachute payments made by an exempt organization to a covered employee. The interim guidance, to be followed up by proposed regulations, defines terms under the code section and explains how to report and pay the excise tax. [Notice 2019-9; 12/31/2019]   American Bankers Association Seeks Guidance on Integrated HRAs The American Bankers Association h