Election Year: Candidate Appearances

Election Year: Candidate Appearances

ISSUE The “repeal” of the “Johnson Amendment” has not happened (yet).  In this election year, institutions should be aware of the rules regarding political campaign intervention.   SITUATION Marathon Bible College (MBC) is a private college exempt under Internal...
Qualified Parking as UBIT, Part 5

Qualified Parking as UBIT, Part 5

ISSUE New Internal Revenue Code Section 512(a)(7) is causing quite an outcry, but might it be much ado about nothing?     SITUATION Idaho Bible College and Seminary (IBCS) is a private college exempt under Internal Revenue Code section 501(c)(3) and 170(b)(1)(A)(i). ...
Qualified Parking as UBIT, Part 4

Qualified Parking as UBIT, Part 4

ISSUE New Internal Revenue Code Section 512(a)(7) is causing quite an outcry, let’s review some possible “UBIT Parking Trigonometry” this week. **If you would like to check out “Qualified Parking as UBIT, Part 3” please go to:...