Happy Thanksgiving!

Please know that we are Thankful for each and every one of you.  We pray that you will have a blessed Thanksgiving with family and friends.  We are grateful for the work you do to bless those around you and further the Kingdom of Jesus.     Psalm 118:28-29...

Holiday Gift Cards for Employees

ISSUE: Although actual turkeys and hams given to employees are generally non-taxable, holiday gift cards are another story.   SITUATION: Idaho Bible College & Seminary (IBCS) is a private college exempt under Internal Revenue Code section 501(c)(3) and...
New Tax Reform and Educational Assistance

New Tax Reform and Educational Assistance

ISSUE: The new tax reform bill – H.R. 1 – has some negative issues for higher education.  Chief among them are the repeal of tuition and education “assistance” programs. SITUATION: Troas Bible College (TBC) is a private college exempt under Internal Revenue Code...

Qualified Educational Assistance

ISSUE: A qualified tuition education assistance “program” could be something that would benefit your institution – and Congress may be sweetening it!   SITUATION: Troas Bible College (TBC) is a private college exempt under Internal Revenue Code section 501(c)(3)...

Qualified Tuition Reductions

ISSUE: A qualified tuition reduction “program” must meet certain criteria in order to pass IRS muster.   SITUATION: Troas Bible College (TBC) is a private college exempt under Internal Revenue Code section 501(c)(3) and section 170(b)(1)(A)(ii).  TBC has a...