by Dave Moja | Apr 17, 2019 | Tax Tips |
ISSUE Many of our institutions have established retirement plans under I.R.C. Section 403(b). Back in 2007, Treasury and the IRS issued final regulations that required a re-write (or original writing) of many institutions’ retirement plan documents. Recently,...
by Dave Moja | Apr 10, 2019 | Tax Tips |
ISSUE We continue to hear a lot about “cybersecurity.” Does your institution have a plan in place? The IRS has some interesting suggestions that they have released on this topic. SITUATION Troas Bible College (TBC) is a private college exempt under Internal...
by Dave Moja | Apr 3, 2019 | Tax Tips |
ISSUE The “Tax Cuts and Jobs Act” suspended the ability for an employer to pay for or reimburse moving expenses on a non-taxable basis for all employees (with the exception of some members of the U.S. Armed Forces on active duty). Accordingly, there may have been...
by Dave Moja | Mar 27, 2019 | Tax Tips |
ISSUE In 2017, a Wisconsin judge ruled the “longstanding tax code exemption for religious housing” under I.R.C. Section 107(2) unconstitutional pending decisions of higher courts. Any updates on that? SITUATION Idaho Bible College and Seminary (IBCS) is a private...
by Dave Moja | Mar 20, 2019 | Tax Tips |
ISSUE As more and more institutions are coming to terms with the “Parking Tax” being a sad reality and begin to look at the step-by-step calculations set forth in Notice 2018-99, many are wrestling with what constitutes “general public” parking spots. SITUATION...
