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January 27, 2020

ED Seeks Comments on Proposed eZ-Audit Changes →

The Department of Education’s Office of Federal Student Aid is currently seeking comments on proposed changes to the eZ-Audit system institutions use to submit financial responsibility information. Comments are due by February 24, and NACUBO is preparing to respond.

January 23, 2020

IRS Issues Parking Tax Refund Guidance →

Following the repeal of the tax on employer-provided transportation benefits, institutions and organizations may seek refunds by filing amended unrelated business income tax returns, according to the IRS.

December 21, 2019

Higher Ed Tax Victories Pass With Budget Bill →

An amendment to the FY20 budget package repealed the detrimental parking tax on all nonprofit organizations, among other improvements for colleges, universities, and students. The budget bill itself allocated an additional $1.3 billion to the Department of Education.

December 20, 2019