Tax Tips for Higher Education
Might Hosting an NFL Training Camp Mean UBIT?
As we head into Summer, we are getting numerous questions about whether summer camps might produce unrelated business income. With the NFL draft just wrapping up, we thought we’d give you a “twist” on that theme.
The New FLSA “Overtime” Regulations
The Summer of 2016 should bring new Department of Labor regulations that will move the minimum compensation for an “exempt” employee from $23,660 per year to $50,440* per year – is your institution ready to pay more overtime?
What If Your College Had To Pay Annual Property Taxes?
Issue Many colleges are currently exempt from paying property taxes on the real property (land and buildings) of their campuses. What if that were to change? Situation Troas Bible College (TBC) is a public charity under I.R.C. section 501(c)(3) (and I.R.C. section...
Board Member Mileage Reimbursements
We complete our “mini-series” on board member payments/benefits this week. Does your institution reimburse board of trustees members for travel expenses? Mileage? At what rate?
Board Member Scholarships
We continue a “mini-series” on board member payments/benefits this week. What is the taxability (if any) of scholarships that may be offered to board of trustees members and/or their families?