As 2018 draws to a close, the trustees, directors, and senior management of tax-exempt organizations should review the compensation structure of some of its executives in light of the Tax Cuts and Jobs Act (TCJA), which was enacted earlier this year. Under the applicable provisions of the TCJA, certain compensation arrangements could result in the imposition of excise taxes and penalties on the organization, beginning in 2018. In light of these changes in the federal tax law, tax-exempt organizations will also want to carefully structure their compensation arrangements for 2019 and beyond. READ MORE