Remember that tax bill passed by Congress in 2017? Built into that bill was the imposition of an excise tax for nonprofit organizations paying employees in excess of $1 million. (If you need a reminder, please read this, which NPQ published almost exactly one year ago.) Now, the IRS has released Notice 2019-09, a document meant to provide “interim guidance” regarding this new legislation (known as section 4960), while the Treasury Department and the IRS further develop its application. READ MORE