by Dave Moja | May 31, 2017 | Tax Tips |
Issue Some colleges may host “conferences” with registration fees and exhibitor income. Is this UBIT? Situation Denali Christian College (DCC) is a private college exempt under Internal Revenue Code section 501(c)(3) and section 170(b)(1)(A)(ii). They are required...
by Dave Moja | May 24, 2017 | Tax Tips |
Issue The IRS looks for “assignment letters” when non-churches engage in the MHA process. 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). MBC is not an integrated auxiliary nor an affiliate...
by Dave Moja | May 17, 2017 | Tax Tips |
Issue UBIT Alert: Beware of “dual-use facilities” rentals where substantial services are provided. 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). MBC rents out their basketball field house...
by Dave Moja | May 10, 2017 | Tax Tips |
Issue Many exempt organizations pay taxes on rental income from “debt-financed” property. But, colleges generally don’t have to. Situation Troas Bible College (TBC) is a private college exempt under Internal Revenue Code section 501(c)(3) and section...
by Dave Moja | May 3, 2017 | Tax Tips |
Happy National Day of Prayer! Issue Last week, the President’s team issued a one-page framework for tax reform. How might that affect your institution? Situation Saltwater Christian College (SCC) is a private college exempt under Internal Revenue Code section...
