by Dave Moja | Nov 23, 2016 | Tax Tips |
You are all a blessing to us and we are thankful for you and the schools you serve! All this is for your benefit, so that the grace that is reaching more and more people may cause thanksgiving to overflow to the glory of God. (2 Corinthians 4:15) Happy...
by Dave Moja | Nov 16, 2016 | Tax Tips |
Issue At this time of year, we are often asked about whether the value of a turkey, ham, or another item of merchandise purchased by an employer and distributed generally to each of the employees of an organization at Christmas, or a comparable holiday, constitutes...
by Dave Moja | Nov 9, 2016 | Tax Tips |
Issue Just because a payment looks like a “qualified sponsorship payment” (i.e. your institution stays within the bounds of these rules – logos, neutral descriptions, no qualitative language) does not mean that a portion might not be deemed unrelated business income...
by Dave Moja | Nov 2, 2016 | Tax Tips |
Issue We often answer questions from Christian colleges about how a corporate sponsor might be able to handle their sponsorship payments under the Internal Revenue Code. Is it deductible as an ordinary and necessary business expense or as a charitable contribution?...
by Dave Moja | Oct 26, 2016 | Tax Tips |
Issue Halloween is coming and we don’t mean to be scary, but… as the IRS Exempt Organizations Division makes unrelated business activities a priority (see the most recent IRS Priority Guidance Plan), it would behoove all colleges, seminaries, and universities to do an...
