Proposed IRS Rules Would Expand Mandatory Electronic Filing
In accordance with the Taxpayer First Act, new proposed regulations would require more exempt organizations, partnerships, and businesses to file annual tax returns and forms electronically.
IRS Expands FAQs to Address Higher Education Emergency Grants Used to Discharge Student Balances
The IRS has updated informal guidance on the tax treatment of pandemic-related emergency grants to address when colleges and universities use institutional grant monies to cancel or discharge balances on student accounts.
Characterizing Student Athletes as Employees: It’s Complicated
Alexander Reid, partner at the law firm BakerHostetler, discusses issues raised by a memo from the National Labor Relations Board General Counsel, which proposed to classify some college athletes as employees.