Oklahoma Charter School Owners Dispute $76 Million Excise TaxesPart-owners of a for-profit company that managed a nonprofit virtual school challenged more than $76 million in federal excise taxes the IRS assessed against them for allegedly receiving excess financial benefits from the nonprofit in 2018 and 2019.Bloomberg Tax News6d agoWhole story →EconomyEducationtax court challenge
Montana DOR Amends Student Scholarship Organization Certification RulesThe Montana Department of Revenue (DOR) amends regulations governing Student Scholarship Organization (SSO) certifications. The regulation implements Senate Bill 253 (2025) and amends requirements for school districts and SSOs regarding ...Bloomberg Tax News9d agoWhole story →EconomyEducationmontana sso certification rule change
IRS DEI Proposal Creates Legal Double Bind for Private SchoolsFor private schools, colleges, and universities, tax-exempt status is becoming another enforcement tool in the federal government’s heightened scrutiny of race-conscious practices. The institutions that move first and most carefully will be best positioned when the final rule arrives, write Carlton Fields’ Valerie Makarewicz and James Sconzo.Bloomberg Tax News10d agoWhole story →EconomyEducationirs dei proposal
Education Advocate Contests $18.7 Million ‘Overzealous’ Tax BillA Michigan businessman and education advocate is challenging an $18.7 million IRS assessment that stemmed from donating a majority interest in a charter school management company he founded.Bloomberg Tax News29d agoWhole story →EconomyEducationtax court dispute
