by Dave Moja | Mar 13, 2019 | Tax Tips |
ISSUE Rentals of real property are generally excluded from unrelated business income. But what does it mean to have a “dual-use” rental? SITUATION Saltwater Christian College (SCC) is a private college exempt under Internal Revenue Code section 501(c)(3) and...
by Dave Moja | Mar 6, 2019 | Tax Tips |
ISSUE With all the suspended deductions and taxability of fringe benefits going on in the wake of the “Tax Cuts and Jobs Act,” what about free snacks and Cokes that you provide for employees and guests? SITUATION Idaho Bible College and Seminary (IBCS) is a...
by Dave Moja | Feb 27, 2019 | Tax Tips |
ISSUE There are four main parts of the “Tax Cuts and Jobs Act” that could – possibly – affect your school. Have you been keeping track of those provisions? SITUATION Marathon Bible College (MBC) is a private college exempt under Internal Revenue Code section...
by Dave Moja | Feb 13, 2019 | Tax Tips |
ISSUE For those institutions who are required to file Form 990, have you checked out this year’s changes to the Form? SITUATION Denali Christian College (DCC) is a private college exempt under Internal Revenue Code section 501(c)(3) and 170(b)(1)(A)(ii). They...
by Dave Moja | Feb 6, 2019 | Tax Tips |
ISSUE Has your institution considered the TWO “Statements of Functional Expenses” required for this year’s financial statements and Form 990? SITUATION Saltwater Christian College (SCC) is a private college exempt under Internal Revenue Code section 501(c)(3)...
