top of page
TRACS News
Search
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...
Dave Moja
Nov 17, 20233 min read
34 views
0 comments
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...
Dave Moja
Oct 23, 20233 min read
35 views
0 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_30,blur_30,enc_avif,quality_auto/a8a4b6_4443edab145a4a299e086991c409c7d9~mv2.jpg)
![[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_avif,quality_auto/a8a4b6_4443edab145a4a299e086991c409c7d9~mv2.jpg)
[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...
Dave Moja
Oct 6, 20234 min read
25 views
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...
Dave Moja
Sep 15, 20234 min read
35 views
0 comments
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...
Dave Moja
Jul 12, 20232 min read
217 views
0 comments
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...
Dave Moja
Jun 7, 20233 min read
12 views
0 comments
Form 1098-T and the “Alternative”
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...
Dave Moja
Mar 1, 20233 min read
94 views
0 comments
Crypto Currency – What the IRS has to Say
Digital assets continue to be an area of focus for higher education institutions. From how to value those items to wild fluctuations in...
Dave Moja
Jan 31, 20233 min read
5 views
Isakson/Roe Act Section 1015 – V.A. Funding Gone?
The Isakson/Roe Act of 2020 made changes to the rules for institutions who provide Veterans Administration benefits (i.e. the G.I. Bill)...
Dave Moja
Jan 15, 20234 min read
10 views
Possible “Clawbacks” from Bankrupt Donors?
As we move past Thanksgiving and “Giving Tuesday” and move into the Christmas and year-end giving season, it might be an interesting time...
Dave Moja
Nov 30, 20223 min read
19 views
Thanksgiving Turkey “Coupons/Vouchers” for Employees
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...
Dave Moja
Nov 15, 20223 min read
50 views
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...
Dave Moja
Sep 15, 20222 min read
8 views
Commission Action Archive
October 2024 (Posted November 19, 2024) June 2024 (Posted July 17, 2024) April 2024 (Posted May 22, 2024) February 2024 (Posted...
Andy Carrein
Aug 31, 20221 min read
1,335 views
0 comments
Oct 2023 Accreditation Commission Actions
Click here for detail on all actions >> The TRACS Accreditation Commission took the following actions at the October 23-24, 2023,...
krunion
Aug 1, 20221 min read
124 views
0 comments
IRS Changes Mileage Rates for Second Half of 2022
As they do annually, in late 2021, the IRS released the standard mileage rates for 2022. Prior to the beginning of any given calendar...
Dave Moja
Jul 15, 20222 min read
3 views
Does Your Institution have “Laundry Operations?”
Here’s a question we get occasionally: Our school has coin-operated washing machines and dryers are used by resident students to wash...
Dave Moja
Jun 16, 20222 min read
3 views
Form 8899 and Donated Intellectual Property
Let’s face it. It can be a challenge for many institutions to ensure that the Finance Team is notified regarding every single in-kind or...
Dave Moja
May 8, 20222 min read
5 views
The New Lease Standard, Part I
Starting in 2016, the Financial Accounting Standards Board (FASB) began releasing new “lease rules.” After several “exposure drafts” and...
Dave Moja
May 4, 20222 min read
4 views
bottom of page