Qualified Charitable Deductions (IRA) - **DEVELOPMENT DIRECTOR ALERT**
There is a oft-times overlooked fundraising opportunity that your institution should be aware of: The “IRA Qualified Charitable...
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krunion
7 days ago1 min read
October 2024 Accreditation Commission Actions
Click here for detail on all actions The TRACS Accreditation Commission took the following actions at the October 21-22, 2024, meeting....
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Andy Carrein
Nov 121 min read
Paine College Board of Trustees Selects Dr. Lester McCorn as Next President of Paine College
Augusta, Ga The Board of Trustees of Paine College is pleased to announce the appointment of Rev. Dr. Lester A. McCorn as...
2 views0 comments
krunion
Nov 41 min read
Request for Comment - Changes to TRACS Standards
The Transnational Association of Christian Colleges and Schools (TRACS) is proposing changes to the TRACS Accreditation Standards. At the...
36 views0 comments
Dave Moja
Aug 163 min read
TWO ANNUAL AUDIT REPORTING “TRAPS” INSTITUTIONS SHOULD BE AWARE OF
The U.S. Department of Education (ED) has announced that the “threshold” for the amount of Federal funds that will require a “Uniform...
71 views0 comments
Barry Griffith
Jul 263 min read
Are remote distance learning faculty independent contractors?
The following blog post was generated by AI (ChatGPT) and has been reviewed by TRACS Staff for general accuracy and applicability to...
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Barry Griffith
Jul 263 min read
Can faculty at colleges be considered independent contractors?
The following blog post was generated by AI (ChatGPT) and has been reviewed by TRACS Staff for general accuracy and applicability to...
120 views0 comments
Barry Griffith
Jul 262 min read
What are the best practices in Higher Ed concerning withholding transcripts for students who still owe the institution?
The following blog post was generated by AI (ChatGPT 4.0) and reviewed by TRACS Staff for general accuracy and applicability to TRACS...
12 views0 comments
Andy Carrein
Jul 171 min read
June 2024 Accreditation Commission Actions
Click here for detail on all actions The TRACS Accreditation Commission took the following actions at the June 28, 2024, meeting. The...
279 views0 comments
Andy Carrein
Jul 31 min read
Results of 2024 Commission Election
The following individuals were elected to serve on the TRACS Accreditation Commission for a three-year term, beginning July 1, 2024, and...
78 views0 comments
Dave Moja
Jul 23 min read
Form 1099-NEC
Have you heard? A few years ago the IRS “updated” the annual filing/reporting process for “independent workers.” In the past,...
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Andy Carrein
May 221 min read
April 2024 Accreditation Commission Actions
Click here for detail on all actions The TRACS Accreditation Commission took the following actions at the April 22-23, 2024, meeting. The...
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Dave Moja
Apr 43 min read
Donated Labor or Services – Tax Deductible?
As we move into the final stretch toward Tax Day (April 15th), here is a question we receive often – is the value donated services/labor...
237 views0 comments
Andy Carrein
Nov 20, 20231 min read
Distance Education Authorization Meeting
The TRACS Accreditation Commission met in a special session on Thursday, October 5, 2023, to consider Distance Education proposals from...
124 views0 comments
Dave Moja
Nov 17, 20233 min read
New Money – Part 2: Government Grants (Grants.gov)
This segment of TRACS: Finance Lab is the second of a three-part series on interesting opportunities for grants, credits, and refunds of...
32 views0 comments
Dave Moja
Oct 23, 20233 min read
New Money – Part 1: IRA Credits
This segment of TRACS: Finance Lab is the first of a three-part series on interesting opportunities for grants, credits, and refunds of...
28 views0 comments
![[URGENT UPDATE] IRS Issues “Immediate Stop to New Employee Retention Credit Processing”](https://static.wixstatic.com/media/a8a4b6_4443edab145a4a299e086991c409c7d9~mv2.jpg/v1/fill/w_1080,h_811,fp_0.50_0.50,q_90,enc_auto/a8a4b6_4443edab145a4a299e086991c409c7d9~mv2.jpg)
Dave Moja
Oct 6, 20234 min read
[URGENT UPDATE] IRS Issues “Immediate Stop to New Employee Retention Credit Processing”
In an announcement last week, the IRS has implemented an “immediate stop to new Employee Retention Credit [ERC] processing amid surge of...
18 views
Dave Moja
Sep 15, 20234 min read
Dept. of Education: Third-Party Servicer Changes
Beginning with a February 15, 2023 “Dear Colleague” letter (GEN-23-03), the Department of Education (ED) announced changes to its rules...
25 views0 comments
Dave Moja
Jul 12, 20232 min read
Have You Heard About Form 8940?
Form 8940, Request for Miscellaneous Determination, has been around since 2011 and has always been a wonderful option for organizations...
74 views0 comments
Dave Moja
Jun 7, 20233 min read
New Gramm Leach Bliley Act Stipulations - 2023
For the past several years, institutions that participated in Title IV programs were subject to the Gramm Leach Bliley Act (GLBA) which...
7 views0 comments
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