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The Tax Law of Colleges and Universities, Second Edition
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  • Wiley

More About This Title The Tax Law of Colleges and Universities, Second Edition

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The Tax Law of Colleges and Universities, Second Edition is the primary tax guide for higher educations institutions. It provides comprehensive coverage of the most important issues facing colleges and universities including employment taxes, fringe benefits (including 403(b) retirement plans and deferred compensation), lobbying and other political activities, subsidiaries and spin-offs (graduate schools, research institutes, and fundraising foundations), plus strategies for handling an IRS audit.

Also contains the most current information on new intermediate sanctions regulations, tax treatment of immigration-related expenses paid by a college or university on behalf of its employees and other individuals, and Capital gains exclusion to unrelated business income.

This title is supplemented annually to keep you fully abreast of all of the latest tax law changes that affect colleges and universities.

  • English

English

Bertrand M. Harding, Jr., operated his own law firm in Washington, D.C., where he specializes in nonprofit tax law with emphasis on tax issues and problems facing colleges, universities, and international educational organizations. A substantial component of his practice also involves representation of colleges, universities, and other nonprofit organizations in controversies with the Internal revenue Service, including in audits, in all levels of administrative appeal, and in court. He speaks frequently to groups involved in college and university tax issues and sponsors a website, the College & University Tax Page (http://www.universitytax.com), which contains analyses of current issues and other topical information relating to college and university tax matters.

Mr. Harding's interest and involvement in nonprofit tax law began in the early 1970's when he worked for the IRS Exempt Organizations Division while attending the George Washington National Law center in the evenings. After graduation from law school in 1975, Mr. Harding served for two years as an attorney-advisor to the Honorable Judge Bruce M. Forrester, United States tax Court. In 1977, he joined the Washington office of the international law firm of Baker & McKenzie, where he was elected a tax partner in 1984. While at baker & McKenzie, Mr. Harding represented a number of clients in tax controversy matters and, in addition, developed a nonprofit tax practice drawing on the knowledge and experience that he had gained while working at the Internal revenue Service. In 1996, he left baker & McKenzie to establish his own law firm specializing in nonprofit tax matters an representation of clients in tax controversies with the Internal revenuer Service.

Mr. Harding received his B.A. from Duke University in 1968, and he is a member of the Exempt Organizations Committee of the American Bar Association.

  • English

English

Preface.

Chapter Two: Unrelated Business Income.

2.1 Introduction?General Principles of the Unrelated Business Income Tax.

2.2 Statutory Exceptions to Unrelated Business Income.

2.3 Income from Controlled Organizations.

2.5 Unrelated Debt-Financed Income.

Chapter Three: Common Activities Conducted by Colleges and Universities That Raise Unrelated Business Income Tax Concerns.

3.3 Advertising Income.

3.4 Corporate Sponsorship Payments.

3.6 Travel Tours.

3.7 Operation of Parking Lots.

3.8 Participation in Partnerships.

3.10 Use of Recreational Facilities by General Public.

3.13 Affinity Credit Cards.

3.14 Sale, Rental, or Exchange of Mailing Lists.

3.22 Internet Fundraising and Advertising Issues.

Chapter Four: Employment Taxes.

4.2 Employee versus Independent Contractor Classification.

4.3 Social Security Tax Exemption for Students.

4.6 Classification of Termination, Early Retirement, Royalty, and Settlement Payments.

4.6A Student Loans Forgiven in Return for Subsequent Services (New) 20 Chapter Five Fringe Benefits.

5.2 The Section 132 Rules.

5.4 Fringe Benefits Typically Provided by Colleges and Universities.

Chapter Six: Charitable Contribution Deductions.

6.10 Charitable Split-Dollar Life Insurance.

Chapter Seven: Scholarships and Fellowships.

7.2 The Section 117 Rules.

7.4 Qualified Tuition Reductions.

7.5 Section 117(c)?Distinguishing Between Scholarship/Fellowship Grants and Compensation.

7.6A Tax-Free Discharges of Student Loans (New).

Chapter Eight: Income Tax Withholding and Reporting on Payments to Resident Aliens.

8.8 Income Tax Treaties.

8.12 Tax Treatment of Immigration-Related Expenses Paid by Colleges and Universities (New).

Chapter Nine: Special Issues and Problems.

9.1 Exemption Issues.

9.2 Related Entities.

9.3 Section 403(b) and Other Retirement Plans.

9.4 Tax-Exempt Bonds.

9.5 Conducting Activities Overseas.

9.6 Form 990 Filing Issues.

9.7 State Colleges and Universities.

9.8 Education Tax Incentives.

Chapter Ten: IRS Audits of Colleges and Universities.

10.12 The Attorney?Client and Work Product Privileges.

Table of IRS Revenue Rulings.

Table of IRS Revenue Proceedings.

Table of IRS General Counsel Memoranda.

Table of IRS Private Letter Rulings.

Table of IRS Technical Advice Memoranda.

Table of Cases.

Index.

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