There is a oft-times overlooked fundraising opportunity that your institution should be aware of: The “IRA Qualified Charitable...

The U.S. Department of Education (ED) has announced that the “threshold” for the amount of Federal funds that will require a “Uniform...

The following blog post was generated by AI (ChatGPT) and has been reviewed by TRACS Staff for general accuracy and applicability to...

The following blog post was generated by AI (ChatGPT) and has been reviewed by TRACS Staff for general accuracy and applicability to...

The following blog post was generated by AI (ChatGPT 4.0) and reviewed by TRACS Staff for general accuracy and applicability to TRACS...

Have you heard?  A few years ago the IRS “updated” the annual filing/reporting process for “independent workers.”  In the past,...

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...

This segment of TRACS: Finance Lab is the second of a three-part series on interesting opportunities for grants, credits, and refunds of...

This segment of TRACS: Finance Lab is the first of a three-part series on interesting opportunities for grants, credits, and refunds of...

In an announcement last week, the IRS has implemented an “immediate stop to new Employee Retention Credit [ERC] processing amid surge of...

Beginning with a February 15, 2023 “Dear Colleague” letter (GEN-23-03), the Department of Education (ED) announced changes to its rules...

Form 8940, Request for Miscellaneous Determination, has been around since 2011 and has always been a wonderful option for organizations...

For the past several years, institutions that participated in Title IV programs were subject to the Gramm Leach Bliley Act (GLBA) which...

Form 1098-T – which is due to students by January 31 each year and due to the IRS by February 28 – watch carefully for eFiling...

Digital assets continue to be an area of focus for higher education institutions.  From how to value those items to wild fluctuations in...

The Isakson/Roe Act of 2020 made changes to the rules for institutions who provide Veterans Administration benefits (i.e. the G.I. Bill)...

As we move past Thanksgiving and “Giving Tuesday” and move into the Christmas and year-end giving season, it might be an interesting time...

At this wonderful time of year, we are often asked about whether the value of a turkey, ham, or other item of merchandise purchased by an...

The Coronavirus “Era” (that we are still not through) has hit many of us in different ways.   Through the negatives, we have learned much...

As they do annually, in late 2021, the IRS released the standard mileage rates for 2022.  Prior to the beginning of any given calendar...