by Dave Moja | Aug 22, 2018 | Tax Tips |
ISSUE The IRS is looking closely at substantiation of employee expenses and reimbursements. Does your institution have proper policies/procedures in place? For a sample Word file of an Accountable Reimbursement Plan Policy, go to:...
by Dave Moja | Aug 15, 2018 | Tax Tips |
ISSUE The “repeal” of the “Johnson Amendment” has not happened (yet). In this election year, institutions should be aware of the rules regarding political campaign intervention. SITUATION Marathon Bible College (MBC) is a private college exempt under Internal...
by Dave Moja | Aug 8, 2018 | Tax Tips |
ISSUE The Supreme Court’s recent decision in “South Dakota vs. Wayfair” threw out the tenets of the decades-old “physical presence” requirement that governed state nexus. If you have internet sales, take note. SITUATION Saltwater Christian College (SCC) is a private...
by Dave Moja | Aug 1, 2018 | Tax Tips |
ISSUE Has your institution decided to accept contributions of “virtual currency?” The IRS issued guidance in 2014, but it might be getting stale. SITUATION Troas Bible College (TBC) is a private college exempt under Internal Revenue Code section 501(c)(3) and...
by Dave Moja | Jul 25, 2018 | Tax Tips |
ISSUE New Internal Revenue Code Section 512(a)(7) is causing quite an outcry, but might it be much ado about nothing? SITUATION Idaho Bible College and Seminary (IBCS) is a private college exempt under Internal Revenue Code section 501(c)(3) and...
