Update - “Parking Tax” Alert! Interim Guidance Released

By Wiss, Posted in Not For Profit

By: Linda Curro, Karen Henderson and Diana Miller On December 10th, the IRS issued Notice 2018-99 (“Notice”) addressing guidance with respect to the tax treatment of qualified transportation fringe (“QTF”) benefits; specifically how employers should determine the amount of any nondeductible parking expense for employer provided parking.  The Notice has provided guidance as to the disallowed parking expenses associated with the 2017 Tax Cuts and Jobs Act which currentl... read more.