How Does Tax Reform Affect Your School?

How Does Tax Reform Affect Your School?

ISSUE: The “Tax Reform and Jobs Act” is more notable for what it left out with respect to colleges, seminaries, and universities.  However, there are things you should be aware of.     SITUATION: Denali Christian College (DCS) is a private college exempt under...
When To Deduct Charitable Contributions

When To Deduct Charitable Contributions

ISSUE: Donors generally can deduct their contributions only in the year they actually make them in cash or other property.       SITUATION: Idaho Bible College & Seminary (IBCS) is a private college exempt under Internal Revenue Code section 501(c)(3) and section...
Student FICA Exception

Student FICA Exception

ISSUE: Services in the employ of certain higher education institutions, performed by a student, qualify for the exception from FICA tax. SITUATION: Marathon Bible College (MBC) is a private college exempt under Internal Revenue Code section 501(c)(3) and section...
Tax Reform: President’s House on Campus?

Tax Reform: President’s House on Campus?

ISSUE: H.R. 1 – the House’s version of tax reform – has some negative issues for higher education.  One of these is a limitation on “employer-provided housing.”     SITUATION: Saltwater Christian College (SCC) is a private college exempt under Internal Revenue...
Happy Thanksgiving!

Happy Thanksgiving!

Please know that we are Thankful for each and every one of you.  We pray that you will have a blessed Thanksgiving with family and friends.  We are grateful for the work you do to bless those around you and further the Kingdom of Jesus.     Psalm 118:28-29 You are my...