by Dave Moja | Jul 22, 2020 | Tax Tips |
ISSUE Each year, the IRS releases their listing of the “Dirty Dozen” tax schemes/scams. This year’s list is peppered with COVID-19 scams. SITUATION Denali Christian College (DCC) is a private college exempt under Internal Revenue Code section 501(c)(3) and...
by Dave Moja | Jul 15, 2020 | Tax Tips |
ISSUE There is a lot going on these days. And, the rules and compliance requirements continue to get more complicated and convoluted. Keeping up with what the IRS and other government agencies is doing is imperative. Have you heard about the IRS’ “Exempt...
by Dave Moja | Jul 8, 2020 | Tax Tips |
ISSUE The initial guidance on when Higher Education Emergency Relief Funds were to be spent was along the lines of, “promptly and to the greatest extent practicable… by one year from the date” of the recipient institution’s “Certification and Agreement” for the...
by Dave Moja | Jul 1, 2020 | Tax Tips |
ISSUE Happy 4th of July! With all of the “guidance” flying around about the PPP, PPP Flex, etc. There is a lingering question about the maturity dates for “unforgiven” portions of PPP loans. SITUATION Idaho Theological Seminary (ITS) is a private college exempt...
by Dave Moja | Jun 23, 2020 | Tax Tips |
ISSUE: One change in the 2019 Form 990 instructions has not received much fanfare – the re-ordering of the people listed at Part VII, Section A. SITUATION: Saltwater Christian College (SCC) is a private college exempt under Internal Revenue Code...
