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Tax

Stay on top of the many rules and policy developments affecting higher education tax administration and compliance, and follow NACUBO's advocacy efforts on tax matters.

COVID-19 Tax & Employer Resources

A collection of resources and guidance to help navigate various tax and employer benefits can be found here. The page includes guidance on topics including tax credits and deferrals, SBA low-interest loans for small employers, CARES Act loans for mid-size employers, and others.

Opportunity Zones:  A Primer for Colleges and Universities

Upon enactment of the Tax Cuts and Jobs Act of 2017, the federal government established an economic development tool intended to spur investment in distressed communities designated as qualified opportunity zones.  The program offers stakeholders, including colleges and universities, certain tax benefits and incentives for investing in local startups, community businesses, and workforce expansion.  NACUBO Advisory 20-05 explains how the opportunity zone program works and outlines for higher education institutions the advantages of investing in the opportunity zone program to support their local communities.

Tax Cut and Jobs Act

Follow NACUBO's summary of TCJA implementation guidance that has been published from the IRS and refer to NACUBO's statements and resources to understand the impact of tax reform provisions on your students, staff, and institution.

1098-T Reporting

NACUBO has compiled a number of resources to help institutions with 1098-T reporting.

Congressional Action

 A list of higher education-related tax legislation we're tracking in the current Congress is available here.

Join the Conversation: Taxlist

Need help sorting out the tax treatment of a scholarship or reporting taxable benefits? Want to know what approaches your peers at other institutions are taking?  Join NACUBO's taxlist - an online discussion group more than 600 campus tax professionals. (Participation is limited to employees of education institutions).  

Tax Council

NACUBO's policy and advocacy work in the tax area is supported and guided by members of the Tax Council.  Comprised of individuals responsible for tax administration and compliance on their campus, members of the council analyze and shape NACUBO's responses to federal legislative and regulatory proposals, meet with law and policymakers in Washington, and serve as faculty for NACUBO's tax programs.  

Contact

Mary Bachinger

Director, Tax Policy

202.861.2581


News

IRS Postpones Certain Employment Tax and Employee Benefit Plan Deadlines

June 5, 2020

The IRS has issued additional filing relief related to certain employment taxes, employee benefits, and exempt organizations affected by the pandemic. The deadline for most actions specified in the notice is July 15, 2020.


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  • June 5, 2020

    Congress Adds Flexibility to Paycheck Protection Program

    Recently enacted modifications to the Paycheck Protection Program give small businesses and nonprofits including some private colleges and universities more flexibility and time to use the loan proceeds while preserving loan forgiveness.

    Read More →
  • May 8, 2020

    Agencies Provide Updates on Taxability, Disclosure Reporting for Emergency Grants to Students

    Following advocacy from NACUBO, the IRS has issued guidance that emergency grants provided to students under the CARES Act are not taxable. Meanwhile, the Department of Education is requiring institutions to post emergency grant disclosures to their websites no later than 30 days after receiving the funds.

    Read More →

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NACUBO Advisories

Stay current and compliant with guidance from NACUBO. Advisories provide direction on a variety of complex topics.

COVID-19 Webcasts

Join us online each Friday for a 30-minute webcast where experts share strategies navigating several important topics related to COVID-19 on campus.

Join the Conversation

If you're not already a subscriber to NACUBO's discussion group of more than 600 campus tax professionals, join the Taxlist eGroup. (Only employees of higher education institutions may participate).