Guidance Released on “Parking Tax”

Guidance Released on “Parking Tax”

ISSUE As Congress continues to talk repeal, IRS and Treasury release interim guidance on I.R.C. Section 512(a)(7).  How will this guidance affect Bible Colleges and Seminaries? SITUATION Denali Christian College (DCC) is a private college exempt under Internal Revenue...
The “Parking Tax” Will Be Repealed**

The “Parking Tax” Will Be Repealed**

ISSUE: It looks like the infamous “Parking Tax” in Internal Revenue Code Section 512(a)(7) is positioned by be repealed by Congress… film at 11.  (**Barring any political shenanigans.)     SITUATION: Denali Christian College (DCC) is a private college exempt...