News Showing 1-10 of 274 Filter Filters: Year 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 Topics Accounting and Financial Reporting Analytics Athletics Auxiliary Services, Campus Operations Campus Safety Community Colleges Comprehensive/Doctoral Institutions Dept. of Education Compliance Diversity and Inclusion Effectiveness E-Learning Endowment and Debt Management Energy Efficiency, Sustainability Facilities and Sustainability FASB Finance Form 1098-T GASB Global Operations Grants Management Human Resources Leadership Legislative Update Organizational Effectiveness Planning and Budgeting Privacy & Data Security Regulations Research Universities Retirement Risk Management and Campus Security Small Institutions Student Financial Services Tax Technology Your Filters: Tax October 12, 2022 IRS Seeks Comments on New Energy Credits The Department of the Treasury and the IRS have issued six notices asking for public comments on various aspects of extensions and enhancements of energy tax benefits enacted in the Inflation Reduction Act. The credits offer new opportunities for colleges and universities to invest in renewable energy. Members Only March 31, 2022 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. February 24, 2022 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. September 13, 2021 IRS Issues Rules for Recapturing Pandemic-Related Employment Credits The IRS will treat erroneous refunds of COVID-19-related paid sick and family leave and employee retention credits paid to employers as underpayment of taxes, according to new temporary regulations. July 26, 2021 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. April 16, 2021 New Employee Retention Tax Credit Guidance Published for 2021 The IRS has issued guidance for employers implementing the expansion and extension of the Employee Retention Credit included in the CARES Act. April 02, 2021 IRS Revises 1098-T Guidance on Emergency Grants to Students Following advocacy from NACUBO, the IRS has clarified that colleges and universities will not need to separately track or note emergency grants to students for purposes of 2021 Form 1098-T reporting, nor should they issue Forms 1099-MISC. March 08, 2021 IRS Updates Guidance on Employee Retention Credit Employers with sufficient wage expenses last year may utilize both the tax credit for employee retention and a Paycheck Protection Program loan, according to new IRS guidance. February 22, 2021 Second Round of Emergency Grants to Students Will Require 1098-T Reporting A recent IRS notice requires that certain student grant funds provided under the stimulus bill passed in late 2020 will need to be reported on Forms 1098-T. February 19, 2021 IRS Guidance Offers Flexibility on Carrying Over Cafeteria Plan Funds Employers are permitted to amend plans to allow employees to carry over unused amounts from flexible spending accounts for medical and dependent care expenses during the pandemic. Certain mid-year election changes are also allowed, according to a new IRS notice implementing changes enacted late last year.