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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

• IRS to Continue Examining Unrelated Business Income
  (May 17, 2013)

• IRS Releases Final Report on College and University Compliance Project
  (April 30, 2013)

• News and Information on Tax-Exempt Bonds
  (April 2, 2013)

• Higher Education Community Submits Comments to Treasury on Affordable Care Act
  (March 22, 2013)

• 2012 Form 990 Instructions Change
  (March 21, 2013)

• Help Get the Word Out
  (February 25, 2013)

• Rules Proposed on Contraception Coverage for Religious Organizations
  (February 8, 2013)

• IRS Delayed in Processing Education Tax Benefits
  (February 6, 2013)

• Taxpayer Resources Available on Education Tax Credits and Benefits
  (January 28, 2013)

• IRS Proposes Rules on Employer Shared Responsibility for Health Insurance
  (January 25, 2013)

• 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