The Internal Revenue Service has issued interim guidance transportation fringe benefit expenses paid or incurred after Dec. 31, 2017. The rues assist taxpayers in determining which parking expenses are no longer tax deductible also aid tax-exempt organizations in determine how nondeductible parking expenses create or increase unrelated business taxable income.

The Internal Revenue Service has issued proposes regulations on foreign tax credits for businesses and individuals for tax years starting with 2018. The regulations would implement changes made under the the 2017 Tax Cuts and Jobs Act.

AccuFund has introduced V.6.02 of the AccuFund Accounting Suite, available both on-premise and in the cloud. New tools include AccuBot, which can automate several steps within the nonprofit suite.