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Tax

Stay on top of the many rules and policy developments affecting higher education tax administration and compliance, and follow NACUBO's advocacy efforts on tax matters.

NACUBO Connections: Discuss tax issues and find solutions on the Taxlist

If you're not already a subscriber to NACUBO's discussion group of more than 600 campus tax professionals, join the Taxlist eGroup. (Only employees of higher education institutions may participate).

News

• Charitable Deduction Threatened Despite Widespread Public Favor
  (December 3, 2012)

• New ITIN Application Procedures from IRS
  (November 30, 2012)

• IRPAC Recommends Clarification on Reporting Issues
  (November 1, 2012)

• IRS Clarifies Temporary ITIN Procedures
  (October 4, 2012)

• Health Care Reform Update: IRS Publishes Interim Safe Harbors
  (September 20, 2012)

• NACUBO Members Take Concerns to Capitol Hill
  (September 19, 2012)

• IRS Makes Interim Changes to ITIN Process
  (September 6, 2012)

• IRS Allows Deductions for Charitable Contributions to Disregarded Entities
  (August 8, 2012)

• Ways and Means Subcommittee Examines Oversight of Exempt Organizations, Form 990, UBIT
  (July 25, 2012)

• Upcoming Workshop on Bond Compliance
  (July 12, 2012)

• More...

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Resources

• The IRS has issued a new edition of Publication 1771, Charitable Contributions -- Substantiation and Disclosure Requirements
• NACUBO and AGB Release Analysis of IRS Compliance Questionnaire Responses - Late in 2008 the IRS sent a compliance questionnaire to approximately 400 colleges and universities, focused on governance practices, endowment management, executive compensation, and activities that generate unrelated business income. NACUBO partnered with the Association of Governing Boards of Universities and Colleges (AGB) on a parallel analysis of 146 survey responses provided voluntarily by institutions.
• IRS Provides Relief for Sponsors of 403(b)
• Checklist to Prepare for the New 990.
• New Electronic and Magnetic Media Filing Requirements Rev. Proc. 2008-30
• Publication 970,Tax Benefits for Education
• A Guide to Federal Tax Issues for Colleges and Universities is an online subscription service that gives you one authoritative source to turn to for up-to-date information on IRS compliance.
• Visit the Employment Tax Page for news and resources on employment tax issues, including student FICA, fringe benefits, and tax issues for college presidents.
• Education Tax Credits Resource Page provides source documents, IRS rules, forms, and publications related to 1098-T reporting