Publications, Video, & Web Tutorial
Nov. 2013 Release by Tax Analysts of EO Training Documents from IRS (lawsuit created release)
Final Report on Colleges and Universities Compliance Project, April 25, 2013. See the compliance check questionnaire.
A Resource Guide to the U.S. Foreign Corrupt Practices Act (US DOJ and US SEC) Nov. 2012
Payments in Lieu of Taxes by NonProfits: Which Nonprofits Make PILOTS and which Localities Receive Them: 2012 Study by Lincoln Institute of Land Policy.
e-Postcard: Frequently Asked Questions about 990-N
Posted on IRS page Nov. 2010. This notice addresses questions about who must file Form 990-N (e-Postcard) and what information must be provided.
IRS Publication 1771, (rev.6/10)
Changes to ITIN Acceptance Agent Program: Changes include New ITIN Acceptance Agent Open Season, May 1 through August 31, 2010; Training; Compliance Reviews; and Quality Standards.
INFO 2010-0001: Guidance on how to determine whether an individual is an employee or an independent contractor for income tax withholding purposes
INFO 2010-0010 : An explanation of the process for correcting FICA and income tax withholding errors after the close of the tax year in which the employer paid wages to an employee.
INFO 2010-0043:Explaining the payment of the employer and employee portions of FICA tax with respect to an exchange professor who taught at a US college for two years.
Notice 1392: Supplemental Form W-4 Instructions for Non-Resident Aliens (December 2009)
IRS Governance and Tax-Exempt Organizations-Examination Materials Includes a checklist. (December 09)
IRS Counsel memorandum dated Oct. 22, 2008 (released July 2009) titled Income and Tax Consequences and Proper Reporting of Employment -Related Judgements and Settlements. See also the McDemott, Will and Emery summary of the four step process for determining tax treatment of employment related settlement payments, i.e. is it a wage or non-wage payment. The memorandum also includes a chart that lists for each type of payment whether it is taxable income, should be treated as wages for FICA and income tax withholding, and whether reporting is required and what form to use.
Tax Preferences and College Sports: A Congressional Budget Office paper prepared May 2009.
A Federal Income Tax Guide for College and University Presdents:
Presented by ACE and NACUBO, updated May 2009. Topics include federal gross income, fringe benefits,expense reimbursements, deductions, retirement plans, estate taxes and more.
IRS Tax Exempt Bonds Work Plan FY 2009
The work plan provides program guidance and direction to all TEB employees
Tax Treatment of Employer Educational Assistance for the Benefit of Employees: CRS Report No RS22911 Dated July 3, 2008
Section 108: Income from Discharge of Indebtedness and Student Loans
The terms of a law school's loan repayment assistance program which assists students who engage in public service met the requirements of 26 USC § 108 (f)(1), thus making forgiveness of the loan non-taxable to the student. In the fact situation that was discussed in the revenue ruling, after the student graduates from law school he/she signs a Loan Repayment Assistance Program (LRAP) promissory note and accepts the terms of the law school loan program, which provides the indebtedness will be forgiven if the student works for a minimum period of time in a qualifying related public service position. See 26 USC § 108(f)(2)(D). Pursuant to the Taxpayer Relief Act of 1997, the term "student loan" was expanded to include loans made by educational organizations if the loans were pursuant to a program of the educational organization which is designed to encourage students to serve in occupations with unmet needs or in areas with unmet needs, and the services are for or under the direction of a governmental unit or an orgainzation described under 501(c)(3) that is exempt from tax under 501(a) of the code. All of the positions listed in the LRAP met these conditions.
New IRS Publication: 557 (Tax-Exempt Status for Your Organization)
The IRS has issued a new version of Publication 557: Tax-Exempt Status for Your Organziation. This publication explains the procedures that an institution must follow to obtain an appropriate ruling or determination letter recognizing the organization. Additionally, Publication 557 contains other information that applies to all exempt organizations such as annual filing requirements and other matters that may affect tax-exempt status (Chapter 2); determination of private foundation status (Chapter 3); separate sections for specific non-profit organizations (Chapter 4); and when excise taxes may be imposed (Chapter 5).
NACUANOTE: Retirement Plans: Compliance with the New 403(b) Regulations
On July 26, 2007, the IRS issued the first comprehensive regulations governing 403(b) plans in over forty-three years. The new 403(b) regulations generally are effective January 1, 2009. Key changes/clarifications include a plan document requirement, non-discrimination rules, post-retirement contributions, in-service withdrawals, transfers and exchanges, timely remittance, plan terminiation, and controlled group rules.
Governance and Related Topics-501(c)(3) Organizations
Recommeded policies and practices from the IRS, posted Feb. 4, 2008. Covers mission, organizational documents, governing body, governance and management policies, financial statements and 990 Reporting, and transparency and accountability.
Compliance Guide for 501(c)(3) Public Charities, IRS Publication 4221. Includes responsibilities of a 501(c)(3) as well as an overview of activities that might jeopardize the tax exempt status of the organization.
NACUANOTE Dec. 2006 on the Pension Protection Act
NACUA members are authorized and encouraged to reproduce and distribute copies of NACUANOTES, in whole or in part, with or without attribution, to faculty, staff and students of their respective institutions. Copyright in each note is retained by the author, however, NACUA members are authorized to copy and redistribute them, in whole or in part, (including by posting to the NACUA member's web page) to faculty and staff of their member institutions.
updated 8/29/13 CCR