by Dave Moja | May 9, 2018 | Tax Tips |
ISSUE Tax-exempt organizations have an oft-overlooked tax credit opportunity available for hiring qualified veterans. SITUATION Marathon Bible College (MBC) is a private college exempt under Internal Revenue Code section 501(c)(3) and 170(b)(1)(A)(ii). They...
by Dave Moja | May 2, 2018 | Tax Tips |
ISSUE The “Tax Cuts and Jobs Act” includes a well-publicized provision whereby UBTI shall be computed separately for each trade or business. Our admonition to Treasury is “KISSM” – Keep it Simple, Sir/Madam. SITUATION Denali Christian College (DCC) is a...
by Dave Moja | Apr 25, 2018 | Tax Tips |
ISSUE The IRS has released a fact sheet that highlights new depreciation rules and related expense rules from the “Tax Cuts and Jobs Act” (TCJA). SITUATION Saltwater Christian College (SCC) is a private college exempt under Internal Revenue Code section...
by Dave Moja | Apr 18, 2018 | Tax Tips |
ISSUE Sometimes, it can be hard to find good resources such as sample policies, procedures, etc. A new website is setting out to help institutions find sample policies that they might utilize. SITUATION Idaho Bible College & Seminary (IBCS) is a private college...
by Dave Moja | Apr 11, 2018 | Tax Tips |
ISSUE One of the important aspects of adhering to internal control best practices might be the operation an “audit committee.” SITUATION Marathon Bible College (MBC) is a private college exempt under Internal Revenue Code section 501(c)(3) and section...
by Dave Moja | Apr 4, 2018 | Tax Tips |
ISSUE Form 990, Schedule E (Form 990) – Schools contains some potential traps to be aware of. SITUATION Marathon Bible College (MBC) is a public charity and a school under I.R.C. sections 501(c)(3) and 170(b)(1)(A)(ii). Per requirements, MBC has a...
