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IRS Authorizes Refunds of 'Parking Lot Tax' for Nonprofit Employers
February 07, 2020
IRS Authorizes Refunds of 'Parking Lot Tax' for Nonprofit Employers

ax-exempt organizations that paid unrelated business income tax (UBIT) on the value of employee parking may claim a refund for those taxes, the IRS announced. To do so, they should file an amended Form 990-T, following guidance the IRS updated Jan. 21 on its website.


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