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Kellee Edmonds

Senior Director, Communications and Marketing

(202) 861-2549

Katy McCreary

Public Relations Manager

(202) 861-2503

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January 16, 2019

FASB Proposes Goodwill Accounting Alternative →

The Financial Accounting Standards Board has issued an exposure draft that would streamline accounting for existing and new goodwill. Comments on the proposed Accounting Standards Update are due February 18.

December 12, 2018

IRS Publishes Guidance for Employers on the Fringe Benefits Tax →

In an attempt to limit the impact of a Tax Cuts and Jobs Act provision on nonprofit employers, including colleges and universities, the IRS and Treasury have issued interim guidance that includes a safe harbor for compliance. NACUBO continues to advocate for repeal of the provision.

December 10, 2018

NACUBO Updates Guide to 1098-T Reporting →

As the first filing season without Box 2 approaches, NACUBO’s new "Guide to Form 1098-T Information Reporting" offers a comprehensive reference and road map for all aspects of 1098-T preparation.

December 07, 2018

Could the New Fringe Benefit Tax Be Repealed This Year? →

Lawmakers have pushed the next federal government funding deadline to December 21. In the meantime, they are trying to negotiate a number of controversial issues—President Donald Trump wants a budget agreement that includes funding for a border wall, and tax writers are seeking agreement on a long list of tax provisions.

December 07, 2018

VA Addresses Housing Payment Rates and Delays →

The Department of Veterans Affairs announced it is “resetting” its efforts to implement changes required under the Forever GI Bill and will pay monthly housing allowances for the current academic year based on the location of a school’s main campus.

December 06, 2018

NACUBO Submits Comments to IRS on New Basketing Rule for Computing UBTI →

NACUBO, on behalf of a group of education associations, submitted comments to the IRS on recent unrelated business taxable income guidance. NACUBO noted how separate trades or businesses should be identified, sought clarification on some UBTI offsets, and made recommendations regarding investment partnership interests.