Report Gift Cards on Form W-2 for Employees

Report Gift Cards on Form W-2 for Employees

Issue **ALERT**  Be sure that you include the amounts of gift cards – given to employees during the year – as compensation on Form W-2.  The IRS has clarified that the “inadvertent error” section of the 2015 PATH Act does not apply to amounts that are known to the...
Tax Forum for Biblical Higher Education

Tax Forum for Biblical Higher Education

Issue There is a lot going on as we begin 2017!  What specific items do “Top financial officials” at Christian colleges need to be looking at? Situation Marathon Bible College (MBC) is a private college exempt under Internal Revenue Code section 501(c)(3) and section...