Illustration of the expanded IRC section 4960 21% excise tax on nonprofit executive compensation over $1 million under OBBBA and IRS Notice 2026-36
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Nonprofit §4960 Excise Tax Expands Under OBBBA (Notice 2026-36)

BySW Accounting admin

How did OBBBA expand the §4960 excise tax on nonprofit executive compensation? Internal Revenue Code §4960 imposes a 21% excise tax on a tax-exempt organization’s “excess remuneration” — compensation over $1 million paid to a covered employee — plus certain excess parachute (separation) payments. Under the One, Big, Beautiful Bill Act, beginning with tax years…

Illustration of Form 990 filing requirements and the IRC section 6033(j) three-year automatic revocation trap for tax-exempt nonprofit organizations
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Form 990 Filing & the 3-Year Automatic Revocation Trap

BySW Accounting admin

Which Form 990 must your nonprofit file, and what happens if you miss it? Most tax-exempt organizations must file an annual return in the Form 990 series, due by the 15th day of the 5th month after the organization’s accounting period ends (May 15 for calendar-year filers). Which form you file — 990-N, 990-EZ, 990,…