The Tax Cuts and Jobs Act, enacted in late December, cuts taxes on corporations and wealthier taxpayers while imposing new taxes on tax-exempt organizations, including charities and houses of worship. Two new provisions stand out as particularly oxymoronic: an income tax on nonprofit expenses and a change to the unrelated business income tax (UBIT) rules to make sure the government reaps the financial benefits of any and all successful nonprofit business operations.

Share this job listingShare on LinkedInTweet about this on TwitterShare on FacebookEmail this to someonePrint this page