by Dave Moja | Sep 26, 2018 | Tax Tips |
ISSUE Tax reform – the 2017 “TCJA” – rendered moving expenses nondeductible and employee reimbursements of moving expenses taxable after 12/31/17. Now, the IRS has clarified the treatment of 2017 moving expenses paid in 2018. SITUATION Troas Bible College...
by Dave Moja | Sep 19, 2018 | Tax Tips |
ISSUE Our prayers go out to victims of Hurricane Florence. As we pray for them and consider funding relief efforts, the IRS warns of possible charitable scams. SITUATION Saltwater Christian College (SCC) is a private college exempt under Internal Revenue Code...
by Dave Moja | Sep 12, 2018 | Tax Tips |
ISSUE The IRS appears unable to update the 2018 Form 990 to accommodate recent changes to the classifications of net assets. How shall we then report? SITUATION Marathon Bible College (MBC) is a private college exempt under Internal Revenue Code section...
by Dave Moja | Sep 5, 2018 | Tax Tips |
ISSUE It is important to answer each line of Form 990 in a manner consistent with filing a complete and accurate return, even though some items may seem immaterial. SITUATION Troas Bible College (TBC) is a private college exempt under Internal Revenue Code...
by Dave Moja | Aug 29, 2018 | Tax Tips |
ISSUE Recent interim guidance on UBIT “Silo-ing” under I.R.C. Section 512(a)(6) contains some interesting provisions with respect to our ongoing discussion on “imputed income” from parking and other fringe benefits. It may affect your institution. SITUATION...
