The IRS has provided interim guidance to churches and nonprofits about the so-called "Parking Tax" but a financial advisor says the tax needs to go away.
The law went into effect in January 2018 as part of the GOP-passed tax law and requires churches and other charities to pay a 21 percent tax for employee parking.
Dan Busby, president of the Evangelical Council for Financial Accountability, tells OneNewsNow he has viewed the IRS guidance and is unhappy so far.
"The guidance does not defer the effective day of the tax," he advises, "and so it's still effective January 1, 2018."
A second problem is, he adds, the guidance is "very complex" and needs professional help to interpret it.
The good news is that most churches will not be affected by it but there will be some paying more to Uncle Sam, most likely those in urban areas.
"If you're a church in New York City or in Los Angeles," says Busby, "odds are it will impact you because the higher costs to parking in those areas."
The financial expert predicts that repeal of the law is "imminent" in 2019 when Congress convenes but, for now, many churches must deal with the issue.