Debt-Financed Property and Colleges

Debt-Financed Property and Colleges

Issue Many exempt organizations pay taxes on rental income from “debt-financed” property.  But, colleges generally don’t have to. Situation Troas Bible College (TBC) is a private college exempt under Internal Revenue Code section 501(c)(3) and section...
2017 Tax Reform? Part 1

2017 Tax Reform? Part 1

Happy National Day of Prayer! Issue Last week, the President’s team issued a one-page framework for tax reform.  How might that affect your institution? Situation Saltwater Christian College (SCC) is a private college exempt under Internal Revenue Code section...