From OMA Connections Partner, Bricker & Eckler: “The Internal Revenue Service recently issued Notice 2018-99 to address changes in the Internal Revenue Code included in the Tax Cuts and Jobs Act (TCJA). Notice 2018-99 provides interim guidance on the calculation of expenses incurred by employers to provide their employees with parking as a qualified transportation fringe benefit (QTF).
“As a result, this Notice impacts the calculation of non-deductible expenses for taxable employers and the calculation of unrelated business taxable income (UBTI) for tax-exempt employers.”
Read more from Bricker about this. 12/17/2018