The Forum has added a new feature to the Forum News e-newsletter—”Resources for Your Week.” This week, we highlight resources to help your organization meets its tax obligations.
A new U.S. tax law will have implications for education abroad. While it appears that the new law will mainly impact institutions that have branch campuses and larger operations overseas, The Forum encourages all of its members to bring it to the attention of the chief financial officers and legal counsels on their campuses. Read this Bloomberg BNA article, which includes a comment from Forum President and CEO Brian Whalen, for more information.
Now is also a good time to review resources in the Standards Toolbox aimed at assisting you and your office in meeting Standard 7, Organizational and Program Resources. These resources include advice on how to engage employees and contractors abroad; how to bank and send cash abroad; and how to rent, lease, and buy property abroad. Several of these resources are provided through cooperative agreement with NACUBO, the National Association of College and University Business Officers.
Additional resources are also available to members through the Higher Education Compliance Alliance, a repository for resources on compliance with U.S. Federal laws and regulations, including tax compliance.