by Dave Moja | Feb 26, 2020 | Tax Tips |
ISSUE We’ve been getting a lot of questions regarding Form 1098-T. There are many different issues/nuances with this form. Penalties can be as much as $260 per form if not filed in a timely manner. SITUATION Denali Christian College (DCC) is a private college exempt...
by Dave Moja | Feb 19, 2020 | Tax Tips |
ISSUE There are very few changes to the 2019 Form 990. However, the IRS beat their several years to change estimate and updated Part X for Lines 27 and 28 (Line 29 – as we’ve known it – leaves us). SITUATION Saltwater Christian College (SCC) is a...
by Dave Moja | Feb 5, 2020 | Tax Tips |
ISSUE Internal Revenue Code Section 127 provides for “employer education assistance programs.” A new bill in the House of Representatives would increase the long-standing $5,250 per employee annual limit. But wait… I have a question. SITUATION Saltwater...
by Dave Moja | Jan 29, 2020 | Tax Tips |
ISSUE We are still celebrating the retroactive repeal of the “Parking Tax.” Last week the IRS published instructions for filing amended Form 990-Ts for the years where refunds are now due. Congress had asked the IRS to “establish an expedited process.” This fell...
by Dave Moja | Jan 22, 2020 | Tax Tips |
ISSUE Schools that are “eligible educational institutions” must file Form 1098-T by fast approaching due dates. In addition, with the “deletion” of Box 2 (Amounts billed) beginning with the 2018 form, there remains much confusion with regard to this form. SITUATION...
