Various aspects of the new law will affect nonprofits including provisions on individual charitable giving, employee withholding, unrelated business tax, and more.
As new regulations unfold, we want you to be sure that your nonprofit is compliant. The National Council of Nonprofits created a summary chart that describes the provisions in the Tax Cuts and Jobs Act that impact charitable nonprofits. This information is subject to change as regulations are enacted. Contact us, your auditor, accountant, or attorney, or the IRS for up-to-date information to remain in compliance.