Radio Free 501c: Nonprofits and Taxes in 2025 with Pete Sepp October 7, 2024
Description
Episode 257: In 2025, the Tax Cuts and JobsAct of 2017 (TCJA) expires. Several white papers have been published on the potential impact on the nonprofit community and these are causing quite a stir! What is the real impact going to be, especially for the 501c6 designation? My guest Pete Sepp, President, National Taxpayers Union, sets the record straight about what expires, what needs to be reviewed and renewed, and the action that Congress could take. Does it mean the end of the nonprofit status?? Probably not but we discuss other threats to the nonprofit status that are real. We touch on full employment for foundling waifs, credit unions being tax exempt, and how Kaiser Permanente is one of the biggest (and richest) "nonprofits" in the country. Get a taste of our dinner table conversation with this deep dive into the TCJA and what it could mean for everyone. What are your questions about the TCJA expiration? Share a comment!
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