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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
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
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
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
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
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
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