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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.

Featured Product

Tax Forum Podcasts

The annual NACUBO Tax Forum provides timely coverage of campus tax issues, including IRS enforcement and regulatory projects as well as Congressional inquiry into the activities of higher education institutions. You will listen to up-to-the-minute briefings on a host of tax issues, including fringe benefits, executive compensation, and international tax issues.

Tax Listserv

If you're not already a subscriber to NACUBO's taxlist, a discussion group of more than 550 campus tax professionals, send an e-mail to the list administrator to receive instructions on how to participate. (Only employees of higher education institutions may participate on the taxlist).

News

• IRS Gives in on Refund Claims for Pre-April 1, 2005 Medical Resident FICA
  (March 10, 2010)

• FBAR Guidance and Proposed Rules Released by IRS
  (March 1, 2010)

• Final Version of 2009 Form 990 Available
  (February 15, 2010)

• IRS Drops Plans for Cell Phone Guidance
  (January 15, 2010)

• IRS releases draft 2009 Form 990
  (January 14, 2010)

• NACUBO and AGB Release Analysis of IRS Compliance Questionnaire Responses
  (December 21, 2009)

• Senate Finance Committee Marks up Health Care Reform
  (September 28, 2009)

• IRS Grants Additional FBAR Filing Extension
  (August 12, 2009)

• Relief from IRS on FBAR Deadline
  (July 14, 2009)

• Administration Calls on Congress to Pass Cell Phone Simplification
  (June 18, 2009)

• More...

Resources

• 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