by Dave Moja | Feb 19, 2020 | Tax Tips |
ISSUE There are very few changes to the 2019 Form 990. However, the IRS beat their several years to change estimate and updated Part X for Lines 27 and 28 (Line 29 – as we’ve known it – leaves us). SITUATION Saltwater Christian College (SCC) is a...
by Dave Moja | Feb 5, 2020 | Tax Tips |
ISSUE Internal Revenue Code Section 127 provides for “employer education assistance programs.” A new bill in the House of Representatives would increase the long-standing $5,250 per employee annual limit. But wait… I have a question. SITUATION Saltwater...
by Dave Moja | Jan 29, 2020 | Tax Tips |
ISSUE We are still celebrating the retroactive repeal of the “Parking Tax.” Last week the IRS published instructions for filing amended Form 990-Ts for the years where refunds are now due. Congress had asked the IRS to “establish an expedited process.” This fell...
by Dave Moja | Jan 22, 2020 | Tax Tips |
ISSUE Schools that are “eligible educational institutions” must file Form 1098-T by fast approaching due dates. In addition, with the “deletion” of Box 2 (Amounts billed) beginning with the 2018 form, there remains much confusion with regard to this form. SITUATION...
by Dave Moja | Jan 15, 2020 | Tax Tips |
ISSUE With the “Parking Tax” retroactively repealed, how do those institutions who paid this tax over the past few years apply for a refund? SITUATION Marathon Bible College (MBC) is a private college exempt under Internal Revenue Code section 501(c)(3) and...
by Dave Moja | Jan 8, 2020 | Tax Tips |
ISSUE When employees go to a restaurant for a “business meeting”, how should that be handled? How do you document that expense? Is it taxable to those workers? SITUATION Denali Christian College (DCC) is a private college exempt under Internal...
