by Dave Moja | Nov 20, 2019 | Tax Tips |
ISSUE At this time of year, we are often asked about whether the value of a turkey, ham, or other item of merchandise purchased by an employer and distributed generally to each of the employees of an organization at Thanksgiving or Christmas, constitutes wages subject...
by Dave Moja | Nov 13, 2019 | Tax Tips |
ISSUE For Institutions with a June 30 year end, Friday (11/15/19) is the deadline day for filing Form 990-series returns – or extensions. SITUATION Denali Christian College (DCC) is a private college exempt under Internal Revenue Code section 501(c)(3) and...
by Dave Moja | Nov 6, 2019 | Tax Tips |
ISSUE A few weeks ago we reported on the IRS’ omission of “Guidance under §512 regarding methods of allocating expenses relating to dual use facilities.” More on that issue from the IRS. . SITUATION Troas Bible College (TBC) is a private college exempt under Internal...
by Dave Moja | Oct 30, 2019 | Tax Tips |
ISSUE We regularly encounter questions regarding the filing of Form 8282, Donee Information Return which is generally required if your institution sells or otherwise disposes of certain donated property within three years of the date the original donee received the...
by Dave Moja | Oct 23, 2019 | Tax Tips |
ISSUE Each year, the IRS Tax Exempt & Governmental Entities (which includes Exempt Organizations) issues its Fiscal Year Tax Exempt & Government Entities Program Letter. This year’s letter is very positive, but heavy on compliance goals. SITUATION...
