Beginning with taxable years that start after December 31, 2025, changes to section 4960 of the Internal Revenue Code (IRC) will take effect that may substantially affect tax-exempt organizations, ...
Section 4960 imposes a 21% excise charge on the portion of remuneration above $1m paid by ATEOs to their “covered employees”.
DENVER (KDVR) — The National Rifle Association joined a number of organizations, alongside an El Paso County resident, suing to stop a 6.5% excise tax on ammunition and firearms that’s set to go into ...