News Showing 1-10 of 269 Filter Filters: Year 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, Environmental Compliance 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 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. January 12, 2021 IRS Releases Final Rules on Executive Compensation Tax → The IRS has issued final regulations implementing the excise tax on executive compensation enacted as part of the Tax Cuts and Jobs Act of 2017. December 22, 2020 Year-End Bills Contain Federal Budget, Pandemic Relief, and Higher Ed Policy Provisions → Congress has finally passed two large bills that together will fund the federal government, provide additional relief for the economic blows of the pandemic, and make several noteworthy changes to higher education policy. December 15, 2020 IRS Issues Guidance on 1098-T Reporting for HEERF Emergency Grants to Students → CARES Act grants to students should not be included on the 2020 Form 1098-T, according to the IRS. December 11, 2020 NACUBO Pushes for Tax Filing Extensions, Acceptance of Electronic Signatures → NACUBO and 10 associations made recommendations to the IRS to assist higher education institutions with tax compliance as they navigate the continuing national public health and economic crisis. November 20, 2020 Final UBIT Basketing Rules Released → The IRS has adopted some recommendations from NACUBO but retained a low threshold for the partnership control test.
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.
January 12, 2021 IRS Releases Final Rules on Executive Compensation Tax → The IRS has issued final regulations implementing the excise tax on executive compensation enacted as part of the Tax Cuts and Jobs Act of 2017.
December 22, 2020 Year-End Bills Contain Federal Budget, Pandemic Relief, and Higher Ed Policy Provisions → Congress has finally passed two large bills that together will fund the federal government, provide additional relief for the economic blows of the pandemic, and make several noteworthy changes to higher education policy.
December 15, 2020 IRS Issues Guidance on 1098-T Reporting for HEERF Emergency Grants to Students → CARES Act grants to students should not be included on the 2020 Form 1098-T, according to the IRS.
December 11, 2020 NACUBO Pushes for Tax Filing Extensions, Acceptance of Electronic Signatures → NACUBO and 10 associations made recommendations to the IRS to assist higher education institutions with tax compliance as they navigate the continuing national public health and economic crisis.
November 20, 2020 Final UBIT Basketing Rules Released → The IRS has adopted some recommendations from NACUBO but retained a low threshold for the partnership control test.
