by Dave Moja | Oct 3, 2018 | Tax Tips |
ISSUE It appears that the IRS may be close to providing guidance on the “pay taxes on your costs of employee parking” provision in I.R.C. Section 512(a)(7) – and it may include penalty relief. SITUATION Marathon Bible College (MBC) is a private...
by Dave Moja | Aug 29, 2018 | Tax Tips |
ISSUE Recent interim guidance on UBIT “Silo-ing” under I.R.C. Section 512(a)(6) contains some interesting provisions with respect to our ongoing discussion on “imputed income” from parking and other fringe benefits. It may affect your institution. SITUATION...
by Dave Moja | Jul 25, 2018 | Tax Tips |
ISSUE New Internal Revenue Code Section 512(a)(7) is causing quite an outcry, but might it be much ado about nothing? SITUATION Idaho Bible College and Seminary (IBCS) is a private college exempt under Internal Revenue Code section 501(c)(3) and...
by Dave Moja | Jul 18, 2018 | Tax Tips |
ISSUE New Internal Revenue Code Section 512(a)(7) is causing quite an outcry, let’s review some possible “UBIT Parking Trigonometry” this week. **If you would like to check out “Qualified Parking as UBIT, Part 3” please go to:...
