by Dave Moja | Mar 27, 2019 | Tax Tips |
ISSUE In 2017, a Wisconsin judge ruled the “longstanding tax code exemption for religious housing” under I.R.C. Section 107(2) unconstitutional pending decisions of higher courts. Any updates on that? SITUATION Idaho Bible College and Seminary (IBCS) is a private...
by Dave Moja | Mar 20, 2019 | Tax Tips |
ISSUE As more and more institutions are coming to terms with the “Parking Tax” being a sad reality and begin to look at the step-by-step calculations set forth in Notice 2018-99, many are wrestling with what constitutes “general public” parking spots. SITUATION...
by Dave Moja | Mar 13, 2019 | Tax Tips |
ISSUE Rentals of real property are generally excluded from unrelated business income. But what does it mean to have a “dual-use” rental? SITUATION Saltwater Christian College (SCC) is a private college exempt under Internal Revenue Code section 501(c)(3) and...
by Dave Moja | Mar 6, 2019 | Tax Tips |
ISSUE With all the suspended deductions and taxability of fringe benefits going on in the wake of the “Tax Cuts and Jobs Act,” what about free snacks and Cokes that you provide for employees and guests? SITUATION Idaho Bible College and Seminary (IBCS) is a...
by Dave Moja | Feb 27, 2019 | Tax Tips |
ISSUE There are four main parts of the “Tax Cuts and Jobs Act” that could – possibly – affect your school. Have you been keeping track of those provisions? SITUATION Marathon Bible College (MBC) is a private college exempt under Internal Revenue Code section...
by Dave Moja | Feb 13, 2019 | Tax Tips |
ISSUE For those institutions who are required to file Form 990, have you checked out this year’s changes to the Form? SITUATION Denali Christian College (DCC) is a private college exempt under Internal Revenue Code section 501(c)(3) and 170(b)(1)(A)(ii). They...
