Isakson/Roe Act Section 1015 – V.A. Funding Gone?

The Isakson/Roe Act of 2020 made changes to the rules for institutions who provide VeteransAdministration benefits (i.e. the G.I. Bill) to their students. Here is a quick summary of the issue with“our size” schools who do not “participate in” ED Title IV programs but...

Possible “Clawbacks” from Bankrupt Donors?

As we move past Thanksgiving and “Giving Tuesday” and move into the Christmas and year-end givingseason, it might be an interesting time to consider your institution’s Gift Acceptance Policy and theprocedures surrounding the acceptance of donor gifts.Many of you have...

Penalty Relief for 2019 and 2020 Form 990-T Filings

The Coronavirus “Era” (that we are still not through) has hit many of us in different ways.Through the negatives, we have learned much and – in some cases – become better at what wedo. But it has been a struggle. Even though the IRS has recently been super-funded by...

Form 8899 and Donated Intellectual Property

Let’s face it. It can be a challenge for many institutions to ensure that the Finance Team isnotified regarding every single in-kind or non-cash donation. At your school, is there a chancethat someone might donate some type of “know how” and that it would not be...