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Tuition Expense Reporting Rule Changes Proposed

The Internal Revenue Service (“IRS”) recently proposed regulations to change how students report qualified tuition and related expenses on Form 1098-T. Impacting higher institutions required to file Form 1098-T and taxpayers who can claim an education tax credit, the changes would align with the Tax Code amendments under the PATH Act and Trade Preferences Extension Act. More on the proposed regulations on tuition expense reporting is available on the Accounting Today website.

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Cherry Bekaert RECon Professionals Discuss PATH Act

Cherry Bekaert’s Michael DeSiato , David McCullum and Ron Wainwright, Jr. , collaborated on an article for Construction Executive in regard to the Protecting Americans from Tax Hikes (PATH) Act. The article, “Three Major Ways the PATH Act Impacts Construction,” describes how construction companies will be affected by the provisions of the bill, as well as highlighting three tax-savings opportunities the PATH Act presents. Check out “Three Major Ways the PATH Act Impacts Construction” at the Construction Executive Web site.