IRS Issues Guidance on 1098-T Reporting for HEERF Emergency Grants to Students
CARES Act grants to students should not be included on the 2020 Form 1098-T, according to the IRS.
Year-End Bills Contain Federal Budget, Pandemic Relief, and Higher Ed Policy Provisions
Congress has finally passed two large bills that together will fund the federal government, provide additional relief for the economic blows of the pandemic, and make several noteworthy changes to higher education policy.
IRS Releases Final Rules on Executive Compensation Tax
The IRS has issued final regulations implementing the excise tax on executive compensation enacted as part of the Tax Cuts and Jobs Act of 2017.