Reply to Amount of Endowment Tax Liability Expected for 25 Elite US Universities

Forum Index » College and University Discussion

Reply to "Amount of Endowment Tax Liability Expected for 25 Elite US Universities"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If one's tuition is paid by a scholarship fund or by a grandparent, that student still receives a tuition bill and statement showing that the student's tuition has been paid.[/quote]

[b]The regulations provide[/b] that if one’s tuition is paid by an outside scholarship fund, that student would be “tuition-paying,” but not if institutional funding pays for the tuition.  [/quote]

Thank you for this response. Can you cite a source for this definition ? I understand that you referenced "the regulations", but I did not see such a definition in The Big Beautiful Bill, although, admittedly, my read was fairly quick & focused on the one section.[/quote]

The regulations are the IRS’s regulations from October 2020 for this specific tax. The BBB did not introduce a new tax, it just changed the rates and thresholds. The tax already existed and therefore the IRS regulations on this tax already exist.

https://www.taxnotes.com/research/federal/treasury-decisions/irs-publishes-final-regs-on-college-endowment-excise-tax/2d2bc[/quote]

(OP here.)

Again, thank you for posting your response and the link to the relevant taxnotes !!![/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics