Michael Krucker

Michael Krucker

Michael Krucker is a senior consulting manager with Plante Moran’s Employee Benefits Consulting practice.

Tax Reform Tosses Nonprofits $1M Quandary

The recent reform of the U.S. tax code has been lauded in many circles, but it has left some nonprofits reeling and facing potentially large excise taxes. For tax years beginning on or after Jan. 1, tax-exempt organizations face a 21 percent excise tax on executive compensation that is above $1 million, prompting intense chatter among some nonprofits worried about hefty tax bills...