Webinar

Surgent's New Tax Related Parking Rules (PARK)

IRS Notice 2018-99 contains new IRS guidance regarding how for-profit taxpayers determine deductible and non-deductible costs associated with employee and customer parking. Notice 2018-99 also contains guidance for not-for-profit organizations with respect to when these organizations generate UBTI by providing employee parking. Notice 2018-99 details the methods for-profit organizations can use to determine nondeductible parking expenses as well as specific guidance and transition relief for tax-exempt organizations.

Objectives

  • Recognize which parking expenses are deductible and non-deductible
  • Advise not-for-profit clients on how to compute unrelated-business taxable income relating to parking provided to employees

Highlights

  • How to determine deductible and non-deductible employee parking expenses
  • Employee parking expenses that increase unrelated business taxable income for not-for-profit organizations
  • Methods employers use to provide tax-free parking benefits to employees
  • Expenses that are included as part of parking benefits provided to employees
  • Expenses that are deductible and not subject to the disallowance rule
  • Methodologies for determining nondeductible parking expenses
  • The four-step methodology

Additional Information

Designed For

Any tax practitioner who will advise a business owner or a not-for-profit regarding the new parking expense rules.

Vendor

Surgent

Advanced Preparation

None

Credits

2.00 Taxes

Prerequisite

Basic individual income taxation rules

Course Number

2026938

Level of Knowledge

Intermediate

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