The IRS has provided guidance and examples for calculating the nondeductible portion of parking expenses. In addition, the IRS has provided guidance to tax-exempt organizations to help such organizations determine how unrelated business taxable income (UBTI) will be increased by the nondeductible amount of such fringe benefit expenses paid or incurred. The IRS also has […]
The post IRS Provides Guidance on the Determination of the Nondeductible Portion of Parking Fringe Expenses and Unrelated Business Taxable Income (Notice 2018-99; Notice 2018-100; IR-2018-247) appeared first on Tax & Accounting Blog.