The recently passed tax bill imposes a 21% excise tax on excess compensation and excess severance benefits of certain executives of nonprofit and governmental employers. The provision has a substantial impact on the compensation and benefits that such organizations can provide for their executives. Moreover, the determination of which employers, and which executives, are covered includes several traps for the unwary.
Tag Archives: federal government
Nonprofits and Governments Face Compensation and Benefits Issues under the New Tax Law
OPM Finalizes Long-Awaited Phased Retirement Regulations for Federal Government
(Posted on August 8, 2014 by Carol V. Calhoun)
Highlights of the regulations, as issued by the Office of Personnel Management (OPM) today: Read more