Do You Need to Report Foreign Activities?

Do You Need to Report Foreign Activities?

At Issue The Form 990 instructions may be difficult to navigate. With the IRS running “data queries” that they have developed to ferret out areas of “non-compliance”, it makes sense to insure that your filings are complete, accurate, and timely. Situation Troas Bible...
Form 1098-T “Amnesty”?!

Form 1098-T “Amnesty”?!

At Issue Many colleges have received IRS penalty notices over the past few years for incorrect or incomplete tax identification numbers (TINs) for students. In late 2015, the IRS and Congress provided some relief. Situation Denali Christian College (DCC) is a...
Top Ten Tax Items for 2016 – and beyond

Top Ten Tax Items for 2016 – and beyond

At Issue Congress and the IRS were very busy at the end of 2015. What items should Christian colleges have on their radar screen with regard to tax issues? Situation Denali Christian College (DCC) is a nonprofit organization under Internal Revenue Code section...