by Dave Moja | Jan 15, 2020 | Tax Tips |
ISSUE With the “Parking Tax” retroactively repealed, how do those institutions who paid this tax over the past few years apply for a refund? SITUATION Marathon Bible College (MBC) is a private college exempt under Internal Revenue Code section 501(c)(3) and...
by Dave Moja | Jan 8, 2020 | Tax Tips |
ISSUE When employees go to a restaurant for a “business meeting”, how should that be handled? How do you document that expense? Is it taxable to those workers? SITUATION Denali Christian College (DCC) is a private college exempt under Internal...
by Dave Moja | Dec 25, 2019 | Tax Tips |
ISSUE The “Parking Tax” (I.R.C. Section 512(a)(7)) is being retroactively repealed this week. Thanks to Congress. But just begin to imagine the time, dollars, and brain toil we’ve all wasted – especially the already overburdened IRS – on this insane, ludicrous...
by Dave Moja | Dec 11, 2019 | Tax Tips |
ISSUE As the end of the calendar year approaches, many institutions have questions about donor receipting. A great place to start in your quest for answers may be IRS Publication 1771, “Charitable Contributions” (Substantiation and Disclosure Requirements). ...
by Dave Moja | Dec 4, 2019 | Tax Tips |
ISSUE Savvy institutions are taking advantage of “IRA Charitable Rollovers.” Your donors over 70 ½ years old may give through their IRA accounts using all or part of their annual required minimum distribution – potentially killing two birds with one stone. With that...
