by Dave Moja | Jul 12, 2017 | Tax Tips |
Issue There is a potential credit for fuel (e.g. gasoline and/or diesel) used by your institution “exclusively for use by a nonprofit educational organization.” Situation Marathon Bible College (MBC) is a public charity and a school under I.R.C. sections 501(c)(3) and...
by Dave Moja | Jul 5, 2017 | Tax Tips |
This issue marks our 100th “Tax Tips” post! We’d like to extend our HUGE THANKS to Stacey Greene and Carol Dibble of ABHE! Issue As we celebrate our 100th post, how about a UBIT Refresher? Situation Troas Bible College (TBC) is a private college exempt under Internal...
by Dave Moja | Jun 28, 2017 | Tax Tips |
Issue Donor Advised Funds require special reporting on Form 990 and special care in navigating the related rules. Situation Saltwater Christian College (SCC) is a private college exempt under Internal Revenue Code section 501(c)(3) and section 170(b)(1)(A)(ii). They...
by Dave Moja | Jun 22, 2017 | Tax Tips |
Issue For schools who file Form 990-T for UBIT activities, charitable contribution planning can make sense. Situation Marathon Bible College (MBC) is a public charity and a school under I.R.C. sections 501(c)(3) and 170(b)(1)(A)(ii). This year, for the first time, MBC...
by Dave Moja | Jun 14, 2017 | Tax Tips |
Issue In a recent case, the IRS found coaches’ “golf shirts”, etc. – provided by the college – to be taxable to the coaches. Situation Denali Christian College (DCC) is a public charity and a school under I.R.C. sections 501(c)(3) and...
