by Dave Moja | Apr 26, 2017 | Tax Tips |
Issue Do you track ‘volunteers’? It’s a good idea to track the number of volunteers and descriptions of what activities they participated in. Situation Marathon Bible College (MBC) is a public charity and a school under I.R.C. sections 501(c)(3) and...
by Dave Moja | Apr 19, 2017 | Tax Tips |
Issue Many not-for-profit organizations ask, “what are my chances of being audited?” Currently, the percentages are low – but things may be changing. Situation Marathon Bible College (MBC) is a private college exempt under Internal Revenue Code section...
by Dave Moja | Apr 12, 2017 | Tax Tips |
Issue A question we get sometimes is whether or not “employee discounts” are taxable to the employee. What if the discounts are available to an employee’s family? Situation Troas Bible College (TBC) is a private college exempt under Internal Revenue Code section...
by Dave Moja | Apr 5, 2017 | Tax Tips |
Issue A few months ago we talked about Form 5713 and reporting “operations” in countries that the U.S. Government has deemed to be “boycott countries.” It can be somewhat difficult to find the current list. Situation Denali Christian College (DCC) is a public charity...
by Dave Moja | Mar 29, 2017 | Tax Tips |
Issue Last week, we looked at the “Governance Section” (Part VI) of Form 990 which has two questions (16a, 16b) regarding whether an institution invests in, contributes assets to, or participates in a “joint venture”. What might a “joint venture policy” look like?...
