by Dave Moja | Jul 18, 2018 | Tax Tips |
ISSUE New Internal Revenue Code Section 512(a)(7) is causing quite an outcry, let’s review some possible “UBIT Parking Trigonometry” this week. **If you would like to check out “Qualified Parking as UBIT, Part 3” please go to:...
by Dave Moja | Jul 11, 2018 | Tax Tips |
ISSUE Be careful with your donor receipting with respect to charity benefit events such as banquets, dinners, galas, etc. SITUATION Troas Bible College (TBC) is a private college exempt under Internal Revenue Code section 501(c)(3) and 170(b)(1)(A)(ii). They...
by Dave Moja | Jul 3, 2018 | Tax Tips |
ISSUE The 2015 PATH Act mandated changes to Form 1098-T reporting. Those “Box 1 only” changes take effect in 2018. SITUATION Idaho Bible College and Seminary (IBCS) is a private college exempt under Internal Revenue Code section 501(c)(3) and 170(b)(1)(A)(i). ...
by Dave Moja | Jun 27, 2018 | Tax Tips |
ISSUE New Internal Revenue Code Section 512(a)(7) which creates UBIT for “qualified transportation fringes,” may affect far more institutions than first suspected. SITUATION Marathon Bible College (MBC) is a private college exempt under Internal Revenue Code...
by Dave Moja | Jun 27, 2018 | Tax Tips |
ISSUE New Internal Revenue Code Section 512(a)(7) may force your institution to file Form 990-T and pay unexpected taxes – ouch. SITUATION Saltwater Christian College (SCC) is a private college exempt under Internal Revenue Code section 501(c)(3) and...
