Qualified Parking as UBIT, Part 2

Qualified Parking as UBIT, Part 2

ISSUE New Internal Revenue Code Section 512(a)(7) which creates UBIT for “qualified transportation fringes,” may affect far more institutions than first suspected.   SITUATION Marathon Bible College (MBC) is a private college exempt under Internal Revenue Code...
Qualified Parking as UBIT, Part 1

Qualified Parking as UBIT, Part 1

ISSUE New Internal Revenue Code Section 512(a)(7) may force your institution to file Form 990-T and pay unexpected taxes – ouch.   SITUATION Saltwater Christian College (SCC) is a private college exempt under Internal Revenue Code section 501(c)(3) and...
The Accreditation Journey

The Accreditation Journey

The Accreditation Journey Leadership Development Conferences CAP Program CEP Program Faculty LIFE Executive Coaching Honor Society Partners Register Today! Program Schedule September 23-24, 2019Early Bird pricing ends August 1, 2019Member & Affiliates: $439 per...
Minister’s Housing Allowance Update

Minister’s Housing Allowance Update

ISSUE The Minister’s Housing Allowance (I.R.C. Section 107(2)), was again deemed unconstitutional by a federal judge in 2017.  Now, the appeals process is progressing.     SITUATION Troas Bible College (TBC) is a private college exempt under Internal Revenue...