The Catholic University of America

Summary of Federal Laws

The Internal Revenue Code Relevant Links

Tax Issues Related to Employment

Independent Contractor
Clergy Housing Allowance Clarification Act
Cafeteria Plans
Fringe Benefits
Taxpayer Identifying Numbers and Requirements to Furnish to the IRS
Retirement and Other Deferred Compensation Arrangements
The Social Security Act (The Federal Old Age and Survivors Insurance Trust Fund and Federal Disability and Insurance Trust Fund, and the Federal Insurance Contributions Act (FICA))
The Federal Unemployment Tax Act (FUTA)
Royalty Payments to Faculty


Tax Issues Related to Students

Tax Credits and Tax Deductions
Tuition Programs Under 117, 127 and 132 of the Internal Revenue Code
Tuition Payment Credit Reporting Requirements
Student Loan Interest Deduction
Student Loan Interest Reporting
Scholarships and Fellowships (I.R.C. § 117)
Scholarships and Fellowships Paid to Foreign Students and Scholars
Qualified Tuition Reductions

Tax Issues Related to Donations

Substantiation and Disclosure Provisions
Quid Pro Quo Rules
Donee Responsibilities with Respect to Charitable Contributions
Charitable Gift Annuities
Charitable Remainder Trusts
Intellectual Property Donations: American Jobs Creation Act of 2004
Miscellaneous Tax Issues related to Donations

Miscellaneous Tax Issues

Legislative and Political Activities
Intermediate Sanctions for Excess Benefits
Research and Contracts
Unrelated Business Income Tax
Debt Structure/Unrelated Use of Bond Financed Facilities
Form 990 and Public Disclosure Requirements
Reporting of Payments Made to Attorneys
Low Income Taxpayer Clinics
Good Governance and Conflict of Interest Policy
Foreign Bank Accounts and Filing Requirements
1099 Reporting under the Patient Protection and Affordable Care Act

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