A “Hotel” on Campus?

A “Hotel” on Campus?

At Issue: Your college may not run a “hotel” on campus, but many schools have “guest house” operations. These activities can result in unrelated business income – or not. For the next two weeks, we’ll take a look at both ends of this spectrum. Situation: Saltwater...
Donations of Labor or Services

Donations of Labor or Services

At Issue Here is a question we’ve received several times this year – Are donated services/labor tax deductible on the “donors” tax return per IRS rules? Situation Ward, the CFO, at Marathon Bible College (MBC), A private college exempt under Internal Revenue...