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IRS Guidance on Parking Expenses for Qualified Transportation Fringes Provides Opportunities for Exempt Organizations
Schneider Downs [Guidance Overview] Dec. 18, 2018
"[If] the employer pays a third party to allow employees to park in the third party's parking lot, and the employees pay for the parking using a pre-tax wage reduction option, the employer's UBTI is based upon the amount of employees' income exclusion. If the employer were to eliminate the pre-tax wage reduction program, the employer would also eliminate the parking expense disallowance and related UBTI. Another opportunity is the special rule enabling many employers who own or lease the parking facility to retroactively reduce the amount of disallowed parking expenses.... Perhaps the biggest opportunity involves the 'primary use test'."
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