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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

IRS Publishes Initial Guidance on 2023 Electric Vehicle Credits

January 6, 2023

Certain new electric vehicles purchased on or after January 1, 2023, will be eligible for up to a $7,500 clean vehicle tax credit, according to new IRS guidance. Private nonprofit colleges and universities and some public institutions can claim the credits.


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  • December 7, 2022

    Treasury Releases Guidance on Labor Protections for Energy Tax Incentives

    The Treasury Department’s notice is the initial implementation of the strong labor standards that firms must meet to qualify for enhanced clean energy and energy efficiency tax incentives, including the green building deduction under Section 179D.

    Read More
  • 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.

    Read More

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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).