The U.S. IRS has issued a release outlining new tax law effect on tax exempt organizations. --- IR-2020-23, January 28, 2020 WASHINGTON – The Internal Revenue Service wants tax-exempt organizations to know about recent tax law changes that might affect them. The Taxpayer Certainty and Disaster Tax Relief Act, passed on December 20, 2019, includes several provisions that may apply to tax-exempt organizations' current and previous tax years. Repeal of "parking lot tax" on exempt employers This legislation retroactively repealed the increase in unrelated business taxable income by amounts paid or incurred for certain fringe benefits for which a deduction...