by Dave Moja | May 17, 2017 | Tax Tips |
Issue UBIT Alert: Beware of “dual-use facilities” rentals where substantial services are provided. 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). MBC rents out their basketball field house...
by Dave Moja | May 10, 2017 | Tax Tips |
Issue Many exempt organizations pay taxes on rental income from “debt-financed” property. But, colleges generally don’t have to. Situation Troas Bible College (TBC) is a private college exempt under Internal Revenue Code section 501(c)(3) and section...
by Dave Moja | May 3, 2017 | Tax Tips |
Happy National Day of Prayer! Issue Last week, the President’s team issued a one-page framework for tax reform. How might that affect your institution? Situation Saltwater Christian College (SCC) is a private college exempt under Internal Revenue Code section...
by Dave Moja | Apr 26, 2017 | Tax Tips |
Issue Do you track ‘volunteers’? It’s a good idea to track the number of volunteers and descriptions of what activities they participated in. Situation Marathon Bible College (MBC) is a public charity and a school under I.R.C. sections 501(c)(3) and...
by Dave Moja | Apr 19, 2017 | Tax Tips |
Issue Many not-for-profit organizations ask, “what are my chances of being audited?” Currently, the percentages are low – but things may be changing. Situation Marathon Bible College (MBC) is a private college exempt under Internal Revenue Code section...
by Dave Moja | Apr 12, 2017 | Tax Tips |
Issue A question we get sometimes is whether or not “employee discounts” are taxable to the employee. What if the discounts are available to an employee’s family? Situation Troas Bible College (TBC) is a private college exempt under Internal Revenue Code section...
