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Jim Nitsche authors Taxation of Exempts article on new excise tax on excessive compensation

Jim Nitsche authors Taxation of Exempts article on new excise tax on excessive compensation

Section 4960: New Excise Tax on Excessive Compensation

Jim Nitsche, member of the Firm's Corporate & Securities Service Team, published an article in the May/June 2018 issue of Thomson Reuters Taxation of Exempts about Section 4960 of the Tax Cuts and Jobs Act of 2017.  Section 4960 imposes an annual 21 percent excise tax on certain tax-exempt organizations that pay "excessive" compensation to key employees.

Please click here to read Jim's full article.