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The COVID-19 crisis and its resulting impact on global economies has created an atmosphere of concern and uncertainty in Japan, as well as the rest of the world. In this article, WSG member Yukuo Takenaka, CEO and president of Takenaka Partners LLC, provides his expert advice on navigating these uncertain times ...
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Recent Posts
- Blog: Exempt Org Resource - Nonprofit Law BlogProposed 4960 Excise Tax Regulations IssuedPosted on June 15, 2020 by Megan E. Bell, Dahlia B. Doumar, Tomer J. Inbar, Andrew MeiserOn June 5, 2020, the Internal Revenue Service (“IRS”) issued proposed regulations on the excise tax on excess tax-exempt organization executive compensation under Section 4960 of the Internal Revenue Code (the “Excise Tax”). This tax, which was enacted as part of tax reform in 2017, applies to certain tax-exempt organizations (or related organizations) that pay [...]
