IRS: Dirty Dozen Tax Scams

IRS: Dirty Dozen Tax Scams

ISSUE Each year, the IRS releases their listing of the “Dirty Dozen” tax schemes/scams.  This year’s list is peppered with COVID-19 scams.   SITUATION Denali Christian College (DCC) is a private college exempt under Internal Revenue Code section 501(c)(3) and...
IRS: Dirty Dozen Tax Scams

Higher Education Emergency Relief Fund

ISSUE Last week, the U.S. Department of Education began sending out letters and other information with regard to the CARES Act’s Higher Education Emergency Relief Fund (HEERF).  Does your school qualify for some funding?   SITUATION Troas Bible College (TBC) is a...
IRS: Dirty Dozen Tax Scams

Paycheck Protection Program Loans/Grants

ISSUE With the interesting opportunities for loans – that may turn into grants through forgiveness – what can I spend these funds on?   SITUATION Saltwater Christian College (SCC) is a private college exempt under Internal Revenue Code section 501(c)(3) and...
IRS: Dirty Dozen Tax Scams

Coronavirus Resources

ISSUE We’ve now got three pieces of Coronvirus relief/stimulus legislation – with (apparently) a fourth on the way.  Where can Bible colleges and seminaries turn for information?   SITUATION Troas Bible College (TBC) is a private college exempt under Internal...
IRS: Dirty Dozen Tax Scams

Coronavirus: Federal Work Study

ISSUE We mentioned last week that the U.S. Department of Education has a COVID-19 webpage.  They’ve added a timely FAQ resource.   SITUATION Marathon Bible College (MBC) is a private college exempt under Internal Revenue Code section 501(c)(3) and...