by Dave Moja | Jun 3, 2020 | Tax Tips |
ISSUE On this 5th Anniversary of “Tax Tips,” let’s look back to our beginnings – with a COVID-19 twist – and Summer Camp activities. SITUATION Troas Bible College (TBC) is a private college exempt under Internal Revenue Code section 501(c)(3) and...
by Dave Moja | Dec 25, 2019 | Tax Tips |
ISSUE The “Parking Tax” (I.R.C. Section 512(a)(7)) is being retroactively repealed this week. Thanks to Congress. But just begin to imagine the time, dollars, and brain toil we’ve all wasted – especially the already overburdened IRS – on this insane, ludicrous...
by Dave Moja | Nov 6, 2019 | Tax Tips |
ISSUE A few weeks ago we reported on the IRS’ omission of “Guidance under §512 regarding methods of allocating expenses relating to dual use facilities.” More on that issue from the IRS. . SITUATION Troas Bible College (TBC) is a private college exempt under Internal...
by Dave Moja | Jul 3, 2019 | Tax Tips |
ISSUE For institutions that owed taxes on unrelated business income – including the “Parking Tax” – with a fiscal year (usually May 31 or June 30 for our institutions), there is a bizarre “twist” to the tax rate they paid for fiscal years ended in 2018....
by Dave Moja | Oct 17, 2018 | Tax Tips |
ISSUE The Parking and UBIT issue continues to be at the forefront of many of our minds. Maybe it’s time we start looking at potential streamlined solutions. SITUATION Idaho Bible College and Seminary (IBCS) is a private college exempt under Internal Revenue...
