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Tax

Stay on top of the many rules and policy developments affecting higher education tax administration and compliance, and follow NACUBO's advocacy efforts on tax matters.

Guide to IRS Form 990

Members Only

A valuable benefit exclusively for NACUBO members, this up-to-date tool, geared specifically to colleges and universities, is an essential resource to help you collect information, engage campus stakeholders, and prepare your institution’s annual tax information return. The Guide to IRS Form 990 is written by nonprofit tax specialists from Crowe.

To access the site, login with your NACUBO member credentials here. Not a member? Join here.

COVID-19 Tax & Employer Resources

A collection of resources and guidance to help navigate various tax and employer benefits can be found here. The page includes guidance on topics including tax credits and deferrals, SBA low-interest loans for small employers, CARES Act loans for mid-size employers, and others.

Opportunity Zones:  A Primer for Colleges and Universities

Upon enactment of the Tax Cuts and Jobs Act of 2017, the federal government established an economic development tool intended to spur investment in distressed communities designated as qualified opportunity zones.  The program offers stakeholders, including colleges and universities, certain tax benefits and incentives for investing in local startups, community businesses, and workforce expansion.  NACUBO Advisory 20-05 explains how the opportunity zone program works and outlines for higher education institutions the advantages of investing in the opportunity zone program to support their local communities.

Tax Cut and Jobs Act

Follow NACUBO's summary of TCJA implementation guidance that has been published from the IRS and refer to NACUBO's statements and resources to understand the impact of tax reform provisions on your students, staff, and institution.

1098-T Reporting

NACUBO has compiled a number of resources to help institutions with 1098-T reporting.

Congressional Action

 A list of higher education-related tax legislation we're tracking in the current Congress is available here.

Join the Conversation: Taxlist

Need help sorting out the tax treatment of a scholarship or reporting taxable benefits? Want to know what approaches your peers at other institutions are taking?  Join NACUBO's taxlist - an online discussion group more than 600 campus tax professionals. (Participation is limited to employees of education institutions).  

Tax Council

NACUBO's policy and advocacy work in the tax area is supported and guided by members of the Tax Council.  Comprised of individuals responsible for tax administration and compliance on their campus, members of the council analyze and shape NACUBO's responses to federal legislative and regulatory proposals, meet with law and policymakers in Washington, and serve as faculty for NACUBO's tax programs.  

Contact

Mary Bachinger

Director, Tax Policy

202.861.2581


News

Characterizing Student Athletes as Employees: It’s Complicated

March 30, 2022

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.


Read Full Article
  • 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.

    Read More
  • 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.

    Read More

Learn More

NACUBO Advisories

Stay current and compliant with guidance from NACUBO. Advisories provide direction on a variety of complex topics.

COVID-19 Webcasts

Join us online each Friday for a 30-minute webcast where experts share strategies navigating several important topics related to COVID-19 on campus.

Join the Conversation

If you're not already a subscriber to NACUBO's discussion group of more than 600 campus tax professionals, join the Taxlist eGroup. (Only employees of higher education institutions may participate).