EXCISE TAX, EXEMPT ORGANIZATIONS

T.D. 9938, page 838. Section 4960 imposes an excise tax on remuneration in excess of $1 million and excess parachute payments paid by an applicable tax-exempt organization (and its related organization(s)) to a covered employee. These regulations explain how to determine the amount of remuneration paid, whether there is an excess parachute payment, what is an excess parachute payment, what is an applicable tax-exempt organization, what is a related organization, and how to determine an organization’s covered employees, and how to report and pay the tax. REG-122345-18. Published January 19, 2021.

Finding Lists begin on page ii.