Tax Tips for Higher Education

Many colleges have received IRS penalty notices over the past few years for incorrect or incomplete tax identification numbers (TINs) for students. In late 2015, the IRS and Congress provided some relief.

Congress and the IRS were very busy at the end of 2015. What items should Christian colleges have on their radar screen with regard to tax issues?

As we begin a new year, we’ve had several questions about Christian colleges participating in or operating “travel tours” or “Bible cruises”. There can be some interesting tax effects regarding these activities.

What are the rules when “sponsors” pay to have their logos or contact information displayed as “acknowledgements” in event programs, on banners, or in other ways?

We continually talk with Christian colleges, seminaries, and universities who are under the impression that they are not an applicable large employers (ALE) for purposes of the affordable care act – until they learn more about the ALE calculations…