5 Excise Tax Tips For Tax-Exempt Employers
By Seth Safra ( March 15, 2019, 3:20 PM EDT) -- The 2017 tax reform act[1] created a new excise tax under Section 4960 of the Internal Revenue Code that will affect many tax-exempt employers.[2] The tax is 21 percent of certain compensation and can be triggered if an employee receives more than $1 million of compensation or an employee receives certain post-termination payments — "parachute" payments. The tax can apply even if the tax-exempt employer never pays $1 million in compensation....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.