Abstract
The tax reform legislation brought new IRC § 4960, which imposes a 21 percent excise tax on an applicable tax‐exempt organization, with the tax base consisting of the remuneration paid (other than an excess parachute payment) by the organization for a year with respect to the employment of a covered employee that is in excess of $1 million, plus the amount of any excess parachute payment paid by the organization to a covered employee.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
