by Dave Moja | Sep 23, 2020 | Tax Tips |
ISSUE For most institutions with fiscal years, your next Form 990-T filing (if applicable) will be on the 2019 form. Head’s up, the 2020 Form 990-T (draft) is organized differently from what we have seen annually since 1951. SITUATION Denali Christian College (DCC)...
by Dave Moja | Jan 29, 2020 | Tax Tips |
ISSUE We are still celebrating the retroactive repeal of the “Parking Tax.” Last week the IRS published instructions for filing amended Form 990-Ts for the years where refunds are now due. Congress had asked the IRS to “establish an expedited process.” This fell...
by Dave Moja | Nov 13, 2019 | Tax Tips |
ISSUE For Institutions with a June 30 year end, Friday (11/15/19) is the deadline day for filing Form 990-series returns – or extensions. SITUATION Denali Christian College (DCC) is a private college exempt under Internal Revenue Code section 501(c)(3) and...
by Dave Moja | May 1, 2019 | Tax Tips |
ISSUEFor institutions with more than one unrelated business activity – don’t count “parking/transportation fringes” – there is a new reporting regime for Form 990-T that involves a NEW Schedule M (Form 990-T). SITUATIONDenali Christian College (DCC) is a private...
