2018 may have been the year of #MeToo, but sexual and other harassment is a perennial issue for churches, other ministries, and employers. Wagenmaker & Oberly is pleased to recommend Telios Teaches as an excellent resource for these critical areas.
At year’s end, we often reflect on lessons learned and experiences shared, and also on those people and the things for which we are grateful. In a break from our usual fare, what follows is a more personal reflection from our law firm’s attorney Jonathan Hwang on some aspects of the unique nature and culture of Wagenmaker & Oberly.
As part of the big tax reform law passed by Congress and signed into law by President Trump late last year (the Tax Cuts and Jobs Act), provisions were added that relate to certain fringe benefits provided by tax-exempt employers to their employees. Those provisions are effective for the year 2018. One provision, new Section 512(a)(7) of the Internal Revenue Code, says that tax-exempt employers (churches, charities, etc.) must treat as unrelated business taxable income the cost of providing parking to their employees, subject to IRS guidance. What that means in plain language is that Congress created a federal income tax on the cost of employee parking provided by churches, charities, and other nonprofits.