Tax Reform: The Moving Expense

ISSUE: Generally, the historical exclusion from income for reimbursed or paid-by-employer moving expenses is suspended through 2025.     SITUATION: Marathon Bible College (MBC) is a private college exempt under Internal Revenue Code section 501(c)(3) and...

ABHE Annual Meeting: Tax And Accounting

ISSUE: There is a lot going on in the tax and accounting arenas.  We’ve got some good solutions at the ABHE Annual Meeting in Orlando. > www.abhe.org/annual-meeting     SITUATION: Troas Bible College (TBC) is a private college exempt under Internal...

Sustainable Missionary Farming!

ISSUE Has your institution considered Revenue Enhancement Opportunities – such as “Sustainable Missionary Farming?”     SITUATION Troas Bible College (TBC) is a private college exempt under Internal Revenue Code section 501(c)(3) and as a “school” under...

How Does Tax Reform Affect Your School?

ISSUE: The “Tax Reform and Jobs Act” is more notable for what it left out with respect to colleges, seminaries, and universities.  However, there are things you should be aware of.     SITUATION: Denali Christian College (DCS) is a private college exempt...

When To Deduct Charitable Contributions

ISSUE: Donors generally can deduct their contributions only in the year they actually make them in cash or other property.       SITUATION: Idaho Bible College & Seminary (IBCS) is a private college exempt under Internal Revenue Code section...