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

Virtual Fundraising Events

ISSUE In these interesting times of “social distancing,” is it possible to host a fundraising event for donors and stakeholders of your institution?   SITUATION Marathon Bible College (MBC) is a private college exempt under Internal Revenue Code section 501(c)(3)...
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...