by Dave Moja | Oct 30, 2019 | Tax Tips |
ISSUE We regularly encounter questions regarding the filing of Form 8282, Donee Information Return which is generally required if your institution sells or otherwise disposes of certain donated property within three years of the date the original donee received the...
by Dave Moja | Oct 23, 2019 | Tax Tips |
ISSUE Each year, the IRS Tax Exempt & Governmental Entities (which includes Exempt Organizations) issues its Fiscal Year Tax Exempt & Government Entities Program Letter. This year’s letter is very positive, but heavy on compliance goals. SITUATION...
by Dave Moja | Oct 16, 2019 | Tax Tips |
ISSUE The 2019-2020 Priority Guidance Plan is out. Inexplicably, the IRS has dropped an important project off of the list with no explanation. Given that it’s football season, should somebody throw a yellow flag? SITUATION Denali Christian College (DCC) is a...
by Dave Moja | Oct 9, 2019 | Tax Tips |
ISSUE Historically, exempt organizations have been able to deduct charitable contributions (subject to limits) on Form 990-T, Part II, Line 20. This left a question with regard to this deduction and the “Parking Tax.” With the release of the draft 2019 Form 990-T,...
by Dave Moja | Oct 2, 2019 | Tax Tips |
ISSUE Non-technical degrees, certificate programs, and apprenticeship programs may be opportunities that figure into your institution’s future. The Department of Education offers options in these arenas. Now, a new bill – introduced last week – in the House of...
by Dave Moja | Sep 25, 2019 | Tax Tips |
ISSUE The Senate Finance Committee has been holding hearings on Conservation Easements. The not-for-profit press tends to rail about abusive uses of these tax-planning vehicles. What are they? SITUATION Denali Christian College (DCC) is a private college...
