by Dave Moja | Jan 4, 2017 | Tax Tips |
Issue There is a lot going on as we begin 2017! What specific items do “Top financial officials” at Christian colleges need to be looking at? Situation Marathon Bible College (MBC) is a private college exempt under Internal Revenue Code section 501(c)(3) and section...
by Dave Moja | Dec 21, 2016 | Tax Tips |
Issue Cash gifts to employees at Christmas – or anytime during the year – are taxable to the employee, require payroll taxes to be paid, and are includable on Form W-2. Situation Marathon Bible College (MBC) is a private college exempt under Internal Revenue...
by Dave Moja | Dec 14, 2016 | Tax Tips |
Issue We continue to hear from higher education institutions with questions about several W-2 issues – foremost are health coverage reporting and the new deadlines. This “Tax Tips” should serve as a “heads up” on both of those issues. Situation Saltwater Christian...
by Dave Moja | Dec 7, 2016 | Tax Tips |
Issue We continually get questions with regard to providing copies of Form 990 to your Board of Trustees and how to report this activity on Form 990, Part VI. Situation Saltwater Christian College (SCC) is a private college exempt under Internal Revenue Code section...
by Dave Moja | Nov 30, 2016 | Tax Tips |
Issue More and more, higher education institutions are looking to “raffles” for opportunities to raise funds. It should be noted that these events may require state registration, more Form 990 reporting, and additional tax compliance with prize reporting. Also,...
by Dave Moja | Nov 23, 2016 | Tax Tips |
You are all a blessing to us and we are thankful for you and the schools you serve! All this is for your benefit, so that the grace that is reaching more and more people may cause thanksgiving to overflow to the glory of God. (2 Corinthians 4:15) Happy...
