by Dave Moja | Feb 6, 2019 | Tax Tips |
ISSUE Has your institution considered the TWO “Statements of Functional Expenses” required for this year’s financial statements and Form 990? SITUATION Saltwater Christian College (SCC) is a private college exempt under Internal Revenue Code section 501(c)(3)...
by Dave Moja | Jan 30, 2019 | Tax Tips |
ISSUE Throwing a Super Bowl party for fellowship, outreach, and (possibly) fundraising can be a great idea for your school – but watch out for some stringent NFL trademark rules that could get you penalized. SITUATION Marathon Bible College (MBC) is a private...
by Dave Moja | Jan 23, 2019 | Tax Tips |
ISSUE There is a lot going on in the higher education tax and accounting arena! How can you stay up-to-date and be ready for all that 2019 is bringing your way? SITUATION Troas Bible College (TBC) is a private college exempt under Internal Revenue Code section...
by Dave Moja | Jan 16, 2019 | Tax Tips |
ISSUE There is an interesting provision in the 2017 “Tax Cuts and Jobs Act” that could provide a funding source for those institutions who are looking at Revenue Enhancement Opportunities (alternative business income activities). New Internal Revenue Code Sections...
by Dave Moja | Jan 9, 2019 | Tax Tips |
ISSUE On December 31, 2018, the IRS released Notice 2019-9. This 65-page treatise on new I.R.C. Section 4960 is pretty technical and institutions should especially be aware of the issue with severance situations that might contain “excess parachute payments.” ...
by Dave Moja | Jan 2, 2019 | Tax Tips |
ISSUE The IRS has released 2019 “standard mileage rates.” The business rate has increased, as has the “Medical and Moving” rate – but remember, the deductibility/non-taxability of “moving expenses” is currently suspended until 2026. And, the charitable mileage rate...
