403(b) Plan Relief – Have You Seen This?

403(b) Plan Relief – Have You Seen This?

ISSUE Many of our institutions have established retirement plans under I.R.C. Section 403(b).  Back in 2007, Treasury and the IRS issued final regulations that required a re-write (or original writing) of many institutions’ retirement plan documents.  Recently,...
What Are You Doing About Cybersecurity?

What Are You Doing About Cybersecurity?

ISSUE We continue to hear a lot about “cybersecurity.”  Does your institution have a plan in place?  The IRS has some interesting suggestions that they have released on this topic.   SITUATION Troas Bible College (TBC) is a private college exempt under Internal...
Minister’s Housing Allowance Update

Minister’s Housing Allowance Update

ISSUE In 2017, a Wisconsin judge ruled the “longstanding tax code exemption for religious housing” under I.R.C. Section 107(2) unconstitutional pending decisions of higher courts.  Any updates on that? SITUATION Idaho Bible College and Seminary (IBCS) is a private...
Who is the “General Public?”

Who is the “General Public?”

ISSUE As more and more institutions are coming to terms with the “Parking Tax” being a sad reality and begin to look at the step-by-step calculations set forth in Notice 2018-99, many are wrestling with what constitutes “general public” parking spots.   SITUATION...