by Dave Moja | Dec 19, 2018 | Tax Tips |
ISSUE As Congress continues to arm-wrestle over repeal, IRS/Treasury released interim guidance on I.R.C. Section 512(a)(7) – with a retroactive provision for decreasing or eliminating the tax. SITUATION Marathon Bible College (MBC) is a private college exempt...
by Dave Moja | Dec 12, 2018 | Tax Tips |
ISSUE As Congress continues to talk repeal, IRS and Treasury release interim guidance on I.R.C. Section 512(a)(7). How will this guidance affect Bible Colleges and Seminaries? SITUATION Denali Christian College (DCC) is a private college exempt under Internal Revenue...
by Dave Moja | Dec 5, 2018 | Tax Tips |
ISSUE: It looks like the infamous “Parking Tax” in Internal Revenue Code Section 512(a)(7) is positioned by be repealed by Congress… film at 11. (**Barring any political shenanigans.) SITUATION: Denali Christian College (DCC) is a private college exempt...
by Dave Moja | Nov 28, 2018 | Tax Tips |
ISSUE As colleges and seminaries send donor receipts at the end of the year, does an email receipt meet IRS regulations? SITUATION Saltwater Christian College (SCC) is a private college exempt under Internal Revenue Code section 501(c)(3) and 170(b)(1)(A)(i). ...
by Dave Moja | Nov 14, 2018 | Tax Tips |
ISSUE You CAN give holiday gifts – including turkeys and/or hams – to employees. However, you should be aware of several issues that could make holiday gifts taxable – thus includable in your employees’ Form W-2. SITUATION Idaho Bible College &...
by Dave Moja | Nov 7, 2018 | Tax Tips |
ISSUE The recently-released 2018 Draft Form 990-T instructions give guidance for institutions filing the form simply to pay the new “parking tax.” How does that work with the 2017 Form 990-T? SITUATION Marathon Bible College (MBC) is a private college exempt...
