Nonprofit Resources


Higher Education Tax Briefs: Key Developments to Be Aware Of

The 2015 Higher Education Tax Reporting Trends Project takes a look at several interesting and important higher education tax developments.

This includes:

  • Insight on unrelated business income tax (UBIT) and real estate investments made by colleges, universities, and seminaries – A private university purchased a shopping mall, and the IRS ruled that the rental income and income from services provided to renters were not unrelated business income (UBI) and therefore not subject to tax.
  • Form 990 Schedule A changes – The IRS has added two parts and three pages to Schedule A (Form 990), Public Charity Status and Public Support.
  • IRS penalty notices related to Form 1098-T, Tuition Statement – Many schools have been receiving penalty notices regarding omitted taxpayer identification numbers (TINs) on Form 1098-T. We provide resources and best practices related to this.

Read or download the white paper to learn more about these key issues. 

Leave a Comment