January 21, 2021: Is the Sky Falling? The Effects of Eliminating the Business Deduction of Employer-Provided Commuter Benefits

On Thursday, January 21, 2021, Best Workplaces for Commuters and the Coalition for Smarter Transportation (CoaST) sponsored the webinar, “Is the Sky Falling? The Effects of Eliminating the Business Deduction of Employer-Provided Commuter Benefits” The IRS recently issued the final regulations addressing the elimination of the deduction under section 274 for expenses related to certain transportation and commuting benefits provided

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Teleworking during Emergencies

Without a telework program during an emergency, an organization may need to act fast.  This presentation has been prepared to help you consider and prioritize what your organization needs to do to prepare an emergency telework program to respond to imminent conditions that will disrupt normal work processes.  Sources and links for further reading are provided. View Presentation

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IRS Guidance Issued on How To Claim a Refund or Credit of Unrelated Business Income Tax (UBIT) or adjust Form 990-T for Qualified Transportation Fringe Amounts

According to the Internal Revenue Service, “The Taxpayer Certainty and Disaster Tax Relief Act of 2019 retroactively repealed Internal Revenue Code (IRC) Section 512(a)(7), which increased unrelated business taxable income by amounts paid or incurred for qualified transportation fringes. Congress had previously enacted this provision for amounts paid or incurred after December 31, 2017.” Source: Internal Revenue Service Exempt organizations

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Repeal of Nonprofit Qualified Transportation Fringe Benefits Tax

On December 20, 2019, H. R. 1865 Further Consolidated Appropriations Act, 2020 (the “Act”) was signed into law as part of a spending bill to fund the government through September 2020. The Act repeals the “qualified transportation fringe benefits tax” paid by tax exempt employers. The Act repeals Section 512(a)(7) of the Internal Revenue Code of 1986 which was passed

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February 19, 2019: BWC Webinar: A Parking Tax? How New IRS Rules Impact Employers

On Tuesday, February 19, 2019, the Coalition for Smarter Transportation (CoaST) and Best Workplaces for Commuters (BWC)  hosted a webinar on ‘A Parking Tax? How New IRS Rules Impact Employers.’ During the webinar, staff from CoaST and BWC reviewed how the Department of Treasury’s recent guidance on parking will impact employers. During the webinar, presenters provided: – A brief overview

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Fiscal Cliff Deal Includes Increase in Transit Benefit Levels

The recently passed American Taxpayer Relief Act of 2012 (i.e., fiscal cliff deal), included Section 203 that extended the parity for exclusion from income for employer-provided transit and vanpool benefits at the same level as parking benefits ($245 per month) through December 31, 2013. In 2009, the American Recovery and Reinvestment Act of 2009 (a.k.a. the stimulus bill) effectively created

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